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Equal Energy is an exploration and production oil and gas company based in Calgary, Alberta, Canada with its United States operations office in Oklahoma City, Oklahoma. Equal has a geographically diverse portfolio of oil and gas assets with producing properties located principally in Oklahoma, Alberta, British Columbia and Saskatchewan.

Equal’s shares are listed on the Toronto Stock Exchange (TSX: EQU) and the New York Stock Exchange (NYSE: EQU). Production is comprised of approximately 57% crude oil and natural gas liquids and 43% natural gas as of Q3 2010. As of year‐end 2009 EQU had 17 million barrels of oil equivalent (MMBOE) of net proved reserves which were 51% liquidsweighted.


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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.