Canoel International Energy Ltd. is a fast growing Canadian based publicly traded international energy exploration company focusing on the acquisition of large acreage in oil producing countries that offer good protection of the ownership of petroleum assets by foreigninvestors. More specifically, the Company prefers to invest in areas where infrastructure already exists to transport crude oil and/or natural gas once a commercial discovery is achieved.

The Company's strength is due to experienced management and a board of directors composed of people having extensive international business and government exposure with a network of strong relationships in the energy industry dating back many years.

The strategy of the Company's management is to have the flexibility to act rapidly once an opportunity presents itself. On the other hand, this strategy does not suggest large unfunded commitments as the Company intends to properly perform the working program respecting its time schedule and matching the host country's energy development program.