Joanne A. Hruska, CFARedstar Oil & Gas Inc.RED.TOPAST TOP PICKSep 12, 2008

(A Top Pick Aug 24/07. Up 39 %.) Acquired by Great Plains Explorations (GPX-T).

Joanne A. Hruska, CFA

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PAST TOP PICK

(A Past Top Pick Aug 24/07. Down 20%.) Almost 100% gas weighted. Zero debt. Strong management team. Trimming back a bit on their natural gas drilling because of gas prices. Still likes.

TOP PICK

An all gas company. Have a couple of locations in British Columbia and one in Saskatchewan. They use joint ventures letting a partner drill up their land, which reduces the amount of capital they have to spend. Almost no debt. Multiple is only 1.7.

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Joanne A. Hruska, CFARedstar Oil & Gas Inc.RED.TOPAST TOP PICKSep 12, 2008

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