FAQs
Q: What is Trafina's production?
A: For the year ended December 31, 2010, Trafina maintained average production levels of 400 barrels of oil equivalent per day (“boe/day”) despite disposing of 40 boe/day of non-core producing assets.
Q: What is Trafina's debt?
A: In April 2011, Trafina completed a public offering of units for gross proceeds of approximately $9 million. At March 31, 2011, the Company had net debt and working capital deficiency of $8.4 million, which excludes the fair value of commodity contracts.
Q: Why should someone consider investing in Trafina?
A:
- Exciting pure play heavy oil prospect at McMullen
- Potential for exponential growth in reserves, production and cash flow
- Encouraging well results at Rangeview/Divide with follow-up development
opportunities - Experienced management group who recognize business cycles
Q: Who are Trafina’s reserves engineers?
A: Trafina’s reserves in 2010 were independently evaluated by McDaniel & Associates Consulting Ltd.
Q: How many shares does Trafina have outstanding?
A: As at May 31, 2011, Trafina had 55,690,562 basic shares outstanding and 84,990,562 fully diluted shares outstanding.