Profile: Iteration Energy Ltd. (ITX.TO)

Iteration Energy Ltd. (Iteration) is engaged in the exploration, development and production of petroleum and natural gas in Canada. During the fiscal year ended December 31, 2008, Iteration owned approximately 913,000 net acres of undeveloped land focused primarily in Alberta, Saskatchewan and British Columbia. As of December 31, 2008, the Corporation had approximately 18,300 Boed of production. The Company’s principal properties include Boundary Lake, Other British Columbia properties, Western Alberta, Eastern Alberta, Southern Alberta. On March 7, 2008, Iteration acquired Cyries Energy Inc.