About NWest Energy

NWest Energy Inc. was formed to participate in the upstream oil and gas business, primarily in Eastern Canada along the west coast of Newfoundland and Labrador. The strategy of the corporation is to add shareholder value through the acquisition, exploration and development of oil and gas properties. The Corporation has begun an exploration program in Western Newfoundland, commencing with a 3D seismic program in Q3 2008, with the view of discovering oil and gas reserves that can be brought to the market.

In the Fall of 2006, NWest Energy retained the specialized services of Sproule Associates Limited (Sproule) to undertake a technical review and valuation of NWest’s exploration licenses. The principal objectives were to interpret the seismic and conduct a resource assessment of the company’s blocks. The location of the holdings are presented in Figures 1 and 2. Figure 1 illustrates the relative location of NWest’s holdings while Figure 2 provides a more detailed overview of NWest’s holdings.

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In total, Sproule identified 155 prospects and leads ranging from 253 to 15,685 acres. After further reviewing the geophysical anomalies, Sproule selected the largest, best defined and, where possible, stacked (co-incident) prospects on each of NWest’s blocks. In Sproule’s opinion, these represented the structures most likely to be drilled during exploration of the blocks. In total, 11 non-contingent, separate targets were identified, most of which involved stacked target reservoirs, presenting multiple chances of success. In all, some 49 target reservoirs were identified. Using the Swanson’s Mean value for these anomalies of approximately 75 million barrels (OOIP) per structure, Sproule calculated about 3.8 billion barrels (OOIP) across the four offshore blocks. These offshore licenses have never been drilled and the resource estimate is of undiscovered resources with no certainty that any of the resources will be discovered, recovered or developed.

Dr. James Buckee

Director

Dr. Buckee was appointed President and Chief Operating Officer for BP Canada Inc. in September 1991 and in May 1993 was appointed President and Chief Executive Officer of Talisman Energy Inc. (formerly BP Canada). He retired in October 2007. Jim received his BSc Honours in Physics from the University of Western Australia. In 1970 he received his PhD in Astrophysics at Oxford University. From 1971 to 1977 he held various petroleum engineering positions with Shell International and Burma Oil. From 1977 to 1987 he held a variety of petroleum engineering posts with British Petroleum in a number of locations including London and Dukhan, Qatar. In 1987 he became Operations Manager for BP in Norway. Following this he became Vice President, Development Programmes for BP Alaska. In May 1989 he returned to England as Manager, Planning for BP Exploration.

Ms. Jacqueline Sheppard

Director

Jacqueline Sheppard, originally from St. John’s, Newfoundland, is a Rhodes Scholar and a prominent Canadian businesswoman. Ms. Sheppard retired from Talisman Energy Inc. in 2008 as Executive Vice-President, Corporate and Legal, and Corporate Secretary, having joined Talisman in 1993. She also served as Secretary to the Board, responsible for Legal Affairs, Corporate Projects and Acquisitions, Corporate Communications, Investor Relations, Corporate Responsibility and Government Affairs.

Patrick Laracy

Director, Secretary

Mr. Laracy is President of Vulcan Minerals Inc, a public, junior petroleum and minerals explorer, with extensive knowledge of the geology and petroleum potential of western Newfoundland. He is experienced as both an exploration geologist and lawyer. He is a director of the Chamber of Minerals Resources for Newfoundland and Labrador and a former President of the Newfoundland and Labrador Exploration Association. He has 25 years experience in the petroleum and mineral exploration business in various capacities. This included the geological and geophysical basin analysis and exploration of numerous (in excess of 20) sedimentary basins worldwide. Mr. Laracy resides in St. John's NL.

Wade Dawe

Director

Mr. Dawe is the Founder, President and Chief Executive Officer of Linear Gold Corp. Linear Gold is pursuing gold exploration and development opportunities in Central America. Mr. Dawe has been a successful entrepreneur in Canadian mining and venture capital industries since 1994. With extensive contacts in the business and investment banking communities, he has raised tens of millions of dollars in equity financing, and has worked and consulted for a number of successful publicly traded (TSX and TSX Venture) Canadian companies. He is a cofounder of Ucore Uranium Inc., is a cofounder and director of Keeper Resources Inc., a Calgary based producer of oil and gas, and also serves on the Board of Minco Silver Corporation, East Energy Corp and ImmunoVaccine Technologies Inc. From 1993 – 1995, Mr. Dawe worked at the Atlantic Canada Opportunities Agency as an account manager analyzing applications to provide funding to develop private businesses. In 1992 and 1993, he worked as a Sales and Marketing Manager for Riverdale Contractors Ltd., a residential sub-division developer. Mr. Dawe has a Bachelor of Commerce degree from Memorial University of Newfoundland (MUN) 1992 and currently resides in Halifax, Nova Scotia.

Management

Our Vision

NWest Energy is committed to creating long-term shareholder value by bringing overlooked oil and gas projects into production.

NWest will identify, explore and develop undervalued, high impact oil plays that have been overlooked for non-technical reasons.

Our Mission

To become one of the best performing junior oil and gas exploration companies in the world.