Action Energy Inc. is a Calgary, Alberta-based emerging oil and natural gas exploration and production company and commenced trading on the TSX-Venture exchange (symbol: AEC.V) in November 2006.

Action Energy Inc. is a growth-oriented company that intends to increase its production and reserves through property acquisitions, exploration, development and exploitation drilling programs.

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

• Experienced management team with strong track record of success;
• 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 acreage exposure to the Bakken light oil play in southeast Saskatchewan and to the Montney/Doig light oil and natural gas play in northeastern Alberta.

History

Action Energy Inc. began operations as a private company in 1999 developing plays in Shackleton, Saskatchewan and Medicine River, Alberta. In November, 2006, Action Energy Inc. completed a reverse takeover of High Plains Energy Inc. High Plains Energy Inc. had a public listing and high-potential assets in Lindbergh, Lloydminster and Gallahad, Alberta.

After conducting the reserve takeover, Action Energy Inc. began trading on the TSX-Venture exchange on November 20, 2006, under the trading symbol AEC.V.

In August 2007, Action completed a takeover of Rolling Thunder Exploration Ltd. and San Telmo Energy Inc. by way of plan of arrangement.