FAQs

Q: What is Trafina's production?

A:Increased production 54 percent to 403 barrels of oil equivalent (boe) per day in the second quarter of 2009 compared with 261 boe/day in the same period of 2008. Over the first half of 2009, Trafina increased its production 63 percent to 414 boe/day from 254 boe/day in 2008.

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

A: The Company maintained funds flow from operations for the second quarter of 2009 at $60,826 compared to $80,645 in the same period of 2008. The Company increased its funds flow from operations for the first half of 2009 by 100 percent to $136,091, compared to $68,176 in 2008. The increase in funds flow from operations over the same period in 2008 is attributable to lower general and administrative costs and no provision for bad debt, offset by lower revenue.

Trafina achieved oil and gas revenue of $913,483 for the second quarter of 2009 compared to $1.5 million in the same period of 2008. Despite Trafina’s increased production, revenue from petroleum and natural gas production decreased compared with 2008 as a result of lower commodity prices.

Q: What is Trafina's debt?

A: At June 30, 2009, the Company had net debt and working capital deficiency of $2,896,332, significantly lower than the deficiency at March 31, 2009 of $3,712,758.

Q: Why should someone consider investing in Trafina?

A: Trafina’s 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 success.

Trafina made a fresh start with the appointment of Kelly Ogle as President and Chief Executive Officer on October 8, 2008. Mr. Ogle most recently served as President and Chief Executive Officer of Upper Lake Oil and Gas Ltd., a TSX-listed oil and gas exploration company. Upper Lake was acquired by Monterey Exploration Ltd. in August 2008 in a transaction approved by 100% of Upper Lake’s shareholders. Previously, Mr. Ogle was President of Diamond Tree Energy Ltd., which was acquired by Crocotta Energy in October 2007. Mr. Ogle is also former president of Ranchgate Energy Inc., Connacher Oil and Gas Ltd. and Opal Energy Ltd. On October 31, 2008, Trafina appointed Gary Taylor as Chief Financial Officer. Mr. Taylor served as Controller of Upper Lake Oil and Gas, Diamond Tree Energy and Blue Mountain.

Q: Who are Trafina’s reserves engineers?

A: Trafina’s reserves are independently evaluated by McDaniel & Associates
Consulting Ltd.

Q: How many shares does Trafina have outstanding?

A: As of September 1, 2009 Trafina had 11,297,472 basic shares outstanding.