Canext Energy Ltd. (Canext) is a Canada- based company. During the year ended December 31, 2007, the Company completed a major transaction with the merger of Trimox Energy Inc. (Trimox) and Tasman Exploration Ltd. (Tasman). Canext has been actively exploring and developing its Montney/Doig tight gas play at Pouce Coupe. The Company has assembled 11,400 net acres at Pouce Coupe including over 7,400 undeveloped acres in the Montney formation. On March 13, 2008, the Company announced a significant light oil pool discovery. The discovery well (60% working interest) flow tested 125 barrels of oil per day (bopd). The well was equipped with a pumping unit and for the month of March averaged 84 bopd with a water cut less than 2%.
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