Arsenal operates and has production in both Canada and the US. Canadian production which generates approximately 32% of corporate funds from operations is 61% crude oil and NGL’s and 39% natural gas and represents approximately 58% of corporate production. US production which generates approximately 68% of corporate funds from operations is 94% crude oil and NGL’s and represents approximately 42% of corporate production. In Canada, the Company operates under Arsenal Energy Inc. Production in Canada averaged 2,332 Boe per day for Q4 2013. In the US, the Company operates under its 100% owned subsidiary Arsenal Energy USA Inc. Production in the US averaged 1,716 Boe per day for Q4 2013.