About Annapolis Capital: Qualifications and Expertise

Energy People Investing in Energy Companies

The team's 65 combined years of hands on operational, technical, financial and leadership experience in operating oil & gas companies distinguishes Annapolis among its peers and is the backbone behind its competitive advantage and industry leading returns.

Peter Williams,
Managing Partner, CEO
12 years experience in oil & gas companies
Chairman of 6 companies, CEO of 2, COO of 1, Director of 15
Jody Forsyth,
Managing Partner
11 years experience in oil & gas companies
VP of 2 companies, Officer of 7, Director of 2
Al Schink,
Senior VP, Technical
31 years experience in oil & gas companies
CEO of 1 company, VP of 3 (including Canadian Hunter and Burlington Canada), Director of 1
Mark Poelzer,
Senior VP, CFO
11 years experience in oil & gas companies
VP Finance & CFO of 4 companies, Director of 1

The team has worked together between 7 (all 4) and 22 years (Peter and Jody).

The following are private companies with which the principals of Annapolis were actively involved prior to founding Annapolis.

[for further information on each particular investment, please click on the company logo]

Company
Name
Company
Timeline
Sale
Value
Multiple
of Return (*)
Compounded Rate
of Return (*)
Avalanche Energy Limited Dec 1997
to Nov 2000
$253 million 10.2X 116%
Passage Energy Inc. Jan 1999
to May 2001
$91 million 2.9X 57%
Ice Energy Limited Oct 2001
to Jan 2004
$115 million 3.7X 78%
Krang Energy Inc. Dec 2001
to Jul 2005
$172 million 3.4X 39%
Glacier Energy Limited Jun 2004
to Dec 2005
$132 million 6.3X 239%
Berland Exploration Ltd. Apr 2003
to Jan 2006
$105 million 3.2X 52%
sale value
weighted average
5.8X 100%

[* based upon initial subscription price paid by third party investors who invested directly in the companies with no associated management fees or general partner carried interest that accompany an investment limited partnership structure]