The main elements of Action Energy's growth strategy are:

• Strong commitment to exploration drilling of high-potential-reward prospects;
• Maximize short-term cash flow by exploiting low-risk oil and natural gas development opportunities on existing, extensive land base;
• Use cash flow stream from existing production base to help fund exploration program;
• Pursue opportunities for complementary acquisitions in core production and exploration areas;
• Operate majority of projects to control capital spending and direct the focus and pace of development;