September 18, 2014 6:49 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Avatar Energy Ltd.

Company Overview

Avatar Energy Ltd., a junior oil and gas company, is engaged in the exploration, development, and production of crude oil and natural gas properties in western Canada. Its principal properties are located in the Pembina Cardium light oil resource play. The company is headquartered in Calgary, Canada.

633 6th Avenue SW

Suite 850

Calgary, AB T2P 2Y5

Canada

Phone:

403-517-8818

Fax:

403-517-8815

Key Executives for Avatar Energy Ltd.

Chief Executive Officer
Age: 54
Chief Financial Officer
Age: 44
Executive Vice President and Director
Age: 55
Corporate Secretary
Chief Administrative officer
Age: 44
Compensation as of Fiscal Year 2014.

Avatar Energy Ltd. Key Developments

Avatar Energy To Be Delisted From NEX

Effective at the close of business on July 23, 2014, and in accordance with NEX Policy, section 15, Avatar Energy Ltd.’s securities will be delisted from NEX, for failure to pay its quarterly NEX Listing Maintenance Fee. Prior to delisting, the company’s securities were subject to a suspension from trading.

Avatar Energy Ltd. To Be Moved To NEX From TSX Venture Exchange

In accordance with TSX Venture Policy 2.5, Avatar Energy Ltd. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on May 9, 2013, the company's listing will transfer to NEX, the company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX. As of May 9, 2013, the company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. Further to the TSX Venture bulletin dated February 5, 2013, trading in the shares of the company will remain suspended.

Avatar Energy Ltd. Announces Resignation of Don Short, Senior Vice-President and Portfolio Manager

Qwest Investment Management Corp. announced that Don Short, Senior Vice-President and Portfolio Manager, has resigned from the Board of Directors of Avatar Energy Ltd.

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