FAQs

Q: What is Trafina's production?

A: Trafina increased its average production 34% to 402 barrels of oil equivalent (boe) per day in 2009 from 300 boe per day in 2008. For the three months ended December 31, 2009, production decreased slightly from the same period in 2008 averaging 389 boe/day. The reduction was mostly due to declines in production from new wells that commenced production in 2008 and the sale of non-core producing assets, partially offset by production from properties acquired in September 2009.

Q: What is Trafina's funds flow and revenue?

A: Lower natural gas prices and production in the three months ended December 31, 2009 resulted in lower revenues and funds flow when compared to the same period in 2008. Gross oil and gas revenue was $4.1 million in 2009 compared with $5.9 million in 2008. Trafina's funds flow from operations was $117,022 in 2009 compared with $791,300 in 2008.

Oil and natural gas liquids revenues in the three months ended December 31, 2009 were slightly higher than the three months ended December 31, 2008, mainly as a result of rebounding oil prices and marginally higher oil sales.

Q: What is Trafina's debt?

A: At December 31, 2009, Trafina had net debt and working capital deficiency of $3,911,476. Despite a private placement financing in December 2009, lower funds flow combined with flow-through expenditure obligations incurred in the three months ended December 31, 2009 had an impact on Trafina's debt.

Q: Why should someone consider investing in Trafina?

A: Trafina offers the potential for dynamic growth through mergers, drilling and exploration. With a management team that has decades of experience in the oil and gas industry and proven ability to build juniors, Trafina has a strong foundation for growth.

Trafina’s focus for 2010 will be to optimize its assets and farm-in opportunities, including horizontal drilling in southwest Saskatchewan and Pembina, Alberta, in addition to infrastructure and modification of existing facilities in Ronalane, Alberta.

Q: Who are Trafina’s reserves engineers?

A: Trafina’s reserves in 2009 were independently evaluated by both McDaniel & Associates Consulting Ltd. and GLJ Petroleum Consultants Ltd.

Q: How many shares does Trafina have outstanding?

A: As at April 28, 2010, 18,303,262 Class A voting common shares were issued and outstanding. There are no Class B non-voting common shares and no preferred shares outstanding. As at April 28, 2010, 2,513,355 share purchase warrants were issued and outstanding.