Kroes Energy Inc. (Kroes) is an independent, public company engaged in the exploration, development and production of petroleum and natural gas in Canada. During the year ended December 31, 2007, Kroes continued its western Canada program to explore and develop shallow gas prospects on landholdings in a concentrated area of central Alberta. On March 28, 2007, the Company entered into an agreement with Shelton Canada Corp. (Shelton) whereby Shelton acquired 100% of Kroes? wholly owned subsidiary Zhoda 2001 Corporation (Zhoda). In 2007, Kroes has drilled or acquired 12 wells in central Alberta and has 11 wells capable of production. In July 2008, Kroes Energy Inc. acquired Vecta Energy Corporation. the Company announced that effective October 1, 2008, all of the remaining Vecta Energy Corporation shares have been acquired, and the amalgamation with Vecta has been completed.
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