SMC Entertainment Inc (SMCE)

[crudeoil24]

Action Energy Inc. is a Calgary, Alberta-based emerging oil and natural gas exploration and production company. Action commenced trading on the TSX-Venture exchange (symbol: AEC.V) in November 2006. For our corporate history, please click here. Action's production was 1,800 boe per day in February 2008.

Action is positioned for growth, with the following competitive strengths:


Experienced management team;
Production base of 1,700 - 1,800 boe per day (internally operated) and positive cash flow since inception;
Extensive landholdings totalling 212,000 net acres, focused in three core operating areas;
Low-risk resource-type oil and natural gas exploitation/development opportunities totalling 500+ potential drilling locations;
Strong commitment to exploration drilling, with a suite of high-reward-potential, high-impact exploratory prospects.
Action has recently acquired contractual exposure to over 10,000 acres of mineral rights prospective for Bakken production.
Action is forecasting full year average 2008 production of approximately 1,700 boe per day, with exit production to range from 1,800 to 1,900 boe per day.