Schwanberg International Inc Message Board

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To: zedex who wrote (2)	9/9/1998 12:56:00 AM
From: ewerk	Read Replies (2) of 11

Thanks Bruce Trainor for your interest in Schwanberg and Wayne J. for your patience with the company. The following gives a brief outline of the management's position and their corporate strategy to achieve their goals: Schwanberg International Incorporated is a new entrant in the oil and gas industry. The company intends to acquire proven producing oil and gas properties in the near future and will focus its efforts on selectively assembling a significant portfolio of prime properties in and around Alberta, Saskatchewan and British Columbia. We expect to pursue several opportunities through 650256 Alberta Ltd., a wholly owned subsidiary of Schwanberg. This will offer gradual growth in shareholders value and lower risk. The company's corporate strategy is focused on creating value while managing our risk exposure and maintaining a strong balance sheet. Creating a high-growth, profitable oil and gas company is an exciting challenge. We certainly believe in certain fundamental principles: 1. Management has a substantial amount of their personal net worth invested in the company which represents approximately sixty percent of the issued capital. 2. Forty percent of the issued capital represents the founding equity when the company went public. Two subsequent private placements were completed above market value by insiders following the ASE listing of the company. The stock options represent less than ten percent dilution and the exercise price is currently above the market value. 3. The board of directors consists of six directors, all of whom have excellent business credentials and public company experience. Schwanberg completed its major transaction with the acquisition of 650256 Alberta Ltd. and has recently changed its status to full listing on the Alberta Stock Exchange. 650256 Alberta Ltd. owns percentage working interests in 275 oil and gas wells in Alberta and Saskatchewan. The wells are operated by Canadian Natural Resources, Enerplus Resources Corporation, Rigel Oil and Gas Ltd. and Vikings Holdings Inc. The bulk of the company's revenue is derived from natural gas. With the Northern Border Gas Pipeline expected to be operational soon there is reason to believe that higher gas prices will prevail. Any acquisition will result in an overall gradual growth of the company. Currently with oil prices set to fluctuate, any improvement in the market will be beneficial to the company and thereby increasing price to cash flow multiples. The challenge is now for the company to raise the necessary financing to accomplish its acquisition targets. Any future acquisition will be completed with both equity and bank financing as done in the past by the company. Further information on Schwanberg can be obtained by checking the following web sites: http://www.schwanberg.com http://www.sedar.com/dynamic_pages/assoc_docs_e/d00001147.htm Email: schwan@netidea.com Best Regards, Burkhard Franz Director

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