Thomas A. Budd

Founded in 1995, GMP Securities LP is broker/dealer headquartered in Toronto with additional offices in Calgary and Montreal. The firm is a subsidiary of GMP Capital, Inc. (GMP: Toronto). They offer institutional sales, research, trading, investment banking and underwriting and advisory services. GMP Securities primarily focuses on the biotechnology, technology, mining, oil and gas, oil and gas income trusts, industrials, special situations and non-bank financial services sectors.

Waldron Energy Corp. is a petroleum and natural gas exploration and production company. It engages in the acquisition, exploration and development of petroleum and natural gas in the province of Alberta. It holds interests in Ricinus, Ferrybank, Newton and Sullivan Lake properties. The company was founded on February 4, 2004 and is headquartered in Calgary, Canada.

GMP Capital Corp. is a Canadian investment dealer serving corporate clients and institutional investors and also a broker dealer in the U.S. that services U.S. institutional clients. The company was founded by Thomas A. Budd in March 1995 and is headquartered in Toronto, Canada.

Founded in 1995, Griffiths McBurney Corp. is a broker/dealer headquartered in Toronto, Ontario. The firm is a subsidiary of GMP Capital, Inc. (GMP: Toronto). They provide a full array of trading and execution services. Griffiths McBurney Corp. does not provide any internal research. All research is conducted through GMP Securities.

Toscana Energy Income Corp engages in the acquisition, development and production of petroleum and natural gas reserves in Western Canada. It invests in medium to long-life oil and natural gas assets, unitized production, and royalties for yield and capital appreciation. The company was founded on March 2, 2010 and is headquartered in Calgary, Canada.

Renegade Petroleum Ltd. develops, explores and produces oil and natural gas. Its primary focus areas are located in southeast Saskatchewan in various pools such as Bakken, Souris Valley, Frobisher, Midale and Kisby as well as the Dodsland area of the Viking play in west-central Saskatchewan. The company was founded by Michael C. Erickson on June 22, 1998 and is headquartered in Calgary, Canada.

Spartan Energy Corp. is an oil and natural gas exploration and production company with producing properties in Alberta. Its current projects include Southeast Saskatchewan, West Central Saskatchewan, Alberta, Manitoba and North Dakota. The company was founded on December 12, 1988 and is headquartered in Calgary, Canada.