Amarok Energy Inc. has filed a Follow-on Equity Offering to raise CAD 20 million. The net proceeds of the Offering are intended to be used by Amarok to fund further exploration and development, land acquisition and for general working capital purposes.

Drako Capital Corp. has been advised by the operator that the 15-19-42-15 W5M horizontal Cardium well located in the Stolberg area of Alberta, in which Drako holds an 8% working interest, which has a 700 meter horizontal leg and was not fracture stimulated, is expected to be on production in the first week of August 2012. Drako has also been advised by the operator that approximately 300 cubic meters of drilling fluids were lost to the reservoir during drilling and completion operations, that it anticipates an initial production rate of between 80 and 150 bbls/d (6 bbls/d and 12 bbls/d, respectively, net to Drako) of light sweet oil, and that it believes that once the drilling fluids have been recovered to a greater degree, production rates should improve.

Drako Capital Corp., Special/Extraordinary Shareholders Meeting, Aug 22, 2012., at 09:00 US Mountain Standard Time. Location: Offices of Borden Ladner Gervais LLP. Agenda: To approve the amalgamation agreement dated July 11, 2012 between Drako and Trilateral, pursuant to which Drako and Trilateral will amalgamate to form a new corporation under the name "Amarok Energy Inc."; and the Amalgamation, pursuant to the provisions of the Business Corporations Act (Alberta); to consider conditional upon the Drako Amalgamation Resolution being approved, to consider and, if thought appropriate, to pass, with or without variation, an ordinary resolution, to approve the stock option plan of Amalco; and to transact any such other business as may properly be brought before the Drako meeting or any adjournment thereof.