True North Energy Corp. (TNEN)

[Titanonice]

True North's strategy is to continue to build its operations under a two phased approach.

Phase I includes establishing an operating technical team; acquiring producing assets to activate the production side of business; and acquiring development and low risk acreage.

Phase II focuses on acquiring production and leasehold in low risk proven fields and implement workover and drilling programs including activating behind pipe, "stranded," reserves; increasing operational efficiency; and drilling infill locations on proven fields.