COSTA Energy Inc. is a publicly traded oil and gas company, founded in 2004, with exploration and development prospects in Alberta and Saskatchewan. Focused on growth and profitability through low to medium risk exploitation activities and acquisitions, COSTA is pursuing a conservative growth strategy through drilling, acquisitions or corporate merger. On March 1, 2006, COSTA Resources Ltd., a private oil and gas company based in Calgary, Alberta, acquired Kelso Energy Inc. by way of a reverse takeover. Approximately 5.5 million post consolidation common shares and approximately 2.4 million post consolidation non-voting shares were issued to the shareholders of Resources and significant changes were made to the management team and board of directors of Kelso.