PROFILE

Tundra Oil & Gas Limited is a privately owned Winnipeg-based Company with oil production in Manitoba and Saskatchewan. The Company's core properties are located in southwestern Manitoba and southeast Saskatchewan.

The Company began operations in 1980 with a focus on light oil production in Manitoba. Tundra operates more than 950 producing oil wells in the Williston Basin. Net oil equivalent production in December, 2006 averaged 13,250 BOE per day.

The Company is a wholly owned affiliate of James Richardson & Sons, Limited ("JRSL") of Winnipeg, Canada. JRSL is a private, family company established in 1857 with operations in agriculture and food processing, oil and gas exploration, financial services and real estate.

Corporate Information
Location	Management	Position	Phone (204)
Winnipeg	Roland Moberg	President	934.5293
	George Czyzewski	V.P. of Engineering	934.5853
	Ken Neufeld	V.P. of Finance	934.5859
	Brad Thiessen	Land Manager	934.5856
Calgary	Brian McConnell	V.P. of Exploration	(403) 261.1876
Virden	Tim Howell	V.P. of Operations	748.3095
Board of Directors
Robert G. Puchniak		Director, (Chairman)
Michael Guttormson		Director
Roland Moberg		Director
Jack W. Peltier		Director
Graeme Phipps		Director
Hartley T. Richardson		Director
James A. Richardson		Director
Auditors – Pricewaterhouse Coopers
Bankers – Canadian Bank of Commerce
Evaluation Engineers – GLJ Petroleum Consultants Ltd.