August 29, 2016 4:55 AM ET

Oil, Gas and Consumable Fuels

Company Overview of RedWater Energy Corp.

Company Overview

RedWater Energy Corp., a junior oil and natural gas company, engages in the acquisition, exploration, development, and production of petroleum and natural gas in Western Canada. It focuses on developing light oil opportunities in Alberta. The company was founded in 2009 and is headquartered in Okotoks, Canada.

17 Oak Avenue

Okotoks, AB T1S 1K6

Canada

Founded in 2009

Phone:

403-995-0465

Fax:

403-995-0309

Key Executives for RedWater Energy Corp.

Chairman, Chief Executive Officer, President, Member of Audit Committee and Member of Reserves Committee
Age: 62
Chief Financial Officer, Secretary, Director and Member of Compensation Committee
Age: 42
Compensation as of Fiscal Year 2016.

RedWater Energy Corp. Key Developments

Redwater Energy Corp.'s Securities To Be Delisted From TSXV

Effective at the close of business September 21, 2015, and in accordance with Exchange Policy 2.9, Redwater Energy Corp.'s securities will be delisted from TSX Venture Exchange (TSXV), for failure to pay their Annual Sustaining Fees.

RedWater Energy Corp. Reports Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014

RedWater Energy Corp. reported earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported petroleum and natural gas revenues, net of royalties of CAD 1,186,393 compared to CAD 1,103,756 for the same period a year ago. Fund flow from operations was CAD 71,587 compared to CAD 99,530 for the same period a year ago. Loss was CAD 45,750 compared to CAD 163,411 for the same period a year ago. Capital expenditures were CAD 318,149 compared to CAD 628,288 for the same period a year ago. Basic and diluted fund flow from operations per share was CAD 0.01. For the nine months, the company reported petroleum and natural gas revenues, net of royalties of CAD 3,886,037 compared to CAD 2,809,456 for the same period a year ago. Fund flow from operations was CAD 270,460 compared to CAD 121,876 for the same period a year ago. Loss was CAD 531,177 compared to CAD 742,930 for the same period a year ago. Capital expenditures were CAD 154,577 compared to CAD 3,637,076 for the same period a year ago. Basic and diluted loss per share was CAD 0.01 against CAD 0.02 a year ago. For the quarter, the company reported total production averaged of 273 boe/d, an increase of 3.8% from 263 boe/d of production in the third quarter of 2013. Oil production averaged was 158 bod in the third quarter of 2014, an increase of 15.3% from 137 bod of production in the third quarter of 2013. For the nine months, the company reported total production averaged of 283 boe/d against 222 boe/d a year ago. Oil production averaged was 163 bod against 120 bod a year ago.

Redwater Energy Corp. Reports Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014

RedWater Energy Corp. reported earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported petroleum and natural gas revenues, net of royalties of CAD 1,250,469 compared to CAD 906,984 for the same period a year ago. Fund flow used in operations was CAD 50,679 compared to fund flow from operations was CAD 63,356 last year. Loss was CAD 339,539 compared to CAD 150,531 last year. Capital expenditures were CAD 239,759. For the nine months, the company reported petroleum and natural gas revenues, net of royalties of CAD 2,699,645 compared to CAD 1,705,700 for the same period a year ago. Fund flow from operations was CAD 198,872 compared to CAD 22,346 last year. Loss was CAD 485,428 or CAD 0.01 per basic and diluted share compared to CAD 579,815 l or CAD 0.02 per basic and diluted share last year. Capital expenditures were CAD 472,726 compared to CAD 3,008,788 a year ago. The company reported production results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported oil production of 155 bbls/d compared to 112 bbls/d for the same period a year ago. Natural gas produced was 716 Mcf/d compared to natural 577 Mcf/d last year. Total production averaged 274 boe/d in the second quarter of 2014, an increase of 31.7% from 208 boe/d of production in the second quarter of 2013. For the nine months, the company reported oil production of 166 bbls/d compared to 112 bbls/d for the same period a year ago. Natural gas produced was 734 Mcf/d compared to natural 540 Mcf/d last year. Total production averaged 288 boe/d compared to 202 boe/d of production a year ago.

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