The key elements of Action's operational strategy are:

• Strong commitment to exploration drilling of high-impact prospects;
• Exploit 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; and
• Organize operations into business units, maximizing individual and team accountability through target-driven management approach.