United
States
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SECURITIES
AND EXCHANGE COMMISSION
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OMB
Number_____
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SCHEDULE
14a
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T
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Preliminary
Proxy statement
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£
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Confidential,
for use of the Commission only (as permitted by Rule 14c-6(d)
(2))
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£
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Definitive
Proxy Statement
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£
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Fee
paid previously with preliminary
materials.
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£
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Check
box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a) (2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number
or the form or schedule and the date of its
filing.
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(1)
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Amount
previously paid:
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(2)
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Form,
schedule or registration statement
no.:
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(3)
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Filing
party:
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(4)
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Date
filed:
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Date and Time:
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......, .., 2008, at ..:..
a.m.
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Place:
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221
South Ola Vista 1st Floor
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Contents
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Introduction
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5
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Part
One
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PROPOSALS
FOR ADOPTION
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5
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Part
Two
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ABOUT
OUR COMPANY
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10
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1.
Our Corporate History
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10
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2.
Oil/Gas Properties
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10
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3.
Financial Condition and Results of Operations
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11
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Part
Three
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OTHER
INFORMATION
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13
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Executive
Compensation
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13
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Security
Ownership of Certain Beneficial Owners and Management.
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15
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No
Changes in Control
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15
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Legal
Proceedings
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15
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Submission
of Matters to a Vote of Security Holders
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15
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Holders
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16
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Dividends
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16
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Sales
of Unregistered Common Stock 2004-7
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16
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Part
Four
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THE
PROXY AND THE BALLOT
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16
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Directorships:
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1975-76
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General
Manager/Director CKMK Radio
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1975-81
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Founder,
President JCPG Advertising (Edmonton)
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1977-78
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Deputy
Chief of Protocol, Commonwealth Games (Edmonton)
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1977
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President,
Trustee, Damlin Equities Corporation, Ltd.
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1981-85
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Director,
Legal Oil and Gas Ltd.
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1984-90
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Chairman/CEO
Amtec Oil and Gas Limited
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1985-90
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Director
Explorers and Producers Association of Canada
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1966-91
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Chairman/President
Legas Asset Management Ltd.
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1991
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Chariman
Lindam Holdco, Inc.
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1991
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Chairman/President
Lindam Oil and Gas Partnership (Joarcam) Ltd.
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1991-96
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Chairman/President/Director
Westport Resources Ltd.
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1990
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Chairman/President
C-H Oil and Cattle Company Ltd.
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1995-99
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Trustee
Vice Chairman Foothills School Board Alberta
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1996-99
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Director
Alberta School Board Association
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1997-99
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Trustee
Alberta Employee Benefits Plan ($361,000,000)
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1996-99
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Director
PICA Commission, Alberta Power Deregulation
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2000-6
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Chairman
Win Energy Ltd.
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2000-8
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Chairman
The Stallion Group Inc.
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2003-7
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Governor
and Vice-Chairman Queen Margarets Private School
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2006-
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Present:
Member of the Institute of Corporate
Directors
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Question
1:
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Since
the percentage ownership would not change much, if at all, what is the
purpose and advantage for the
Reverse?
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period
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high
bid
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low
bid
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volume
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1st
2005
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.38
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.21
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59,337,300
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2nd
2005
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.29
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.12
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15,100,140
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3rd
2005
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.19
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.12
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11,437,060
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4th
2005
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.14
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.06
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10,552,140
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1st
2006
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.23
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.06
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13,434,000
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2nd
2006
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.29
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.03
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15,100,140
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3rd
2006
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.14
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.07
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6,864,000
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4th
2006
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.07
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.07
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9,134,000
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1st
2007
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.08
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.04
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10,660,000
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2nd
2007
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.04
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.02
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10,110,000
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3rd
2007
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.02
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.01
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10,008,000
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4th
2007
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.03
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.01
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9,200,000
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Total
Shares
Outstanding
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Indicated
Market
Value
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Indicated
Per
Share
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58,184,370
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$
581,844
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$
0.01
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2,909,219
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$
581,844
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$
0.20
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For
the years ended
December
31:
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2007
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2006
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2005
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From
Inception
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Royalty
(Oil/Gas) Revenue
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4,165
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9,813
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1,640
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20,874
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Cost
of Production
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-
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-
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(42,403)
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(51,753)
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Depletion
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(10,000)
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(10,000)
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0-
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(20,767)
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Abandonment
of Projects
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(525,544)
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-
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-
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General/Administrative
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(248,130)
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(713,345)
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(669,980)
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(4,695,178)
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Net
Operating Loss
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(779,509)
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(713,532)
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(710,743)
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(5,212,424)
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Gain
on Sale of Investments
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159,872
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426,295
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237,825
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798,510
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Rent
Received
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5,345
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-
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-
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5,345
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Interest
Expense
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-
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-
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-
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(3,292)
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Other
Income/Loss
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165,217
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426,295
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237,825
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800,563
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Net
Loss
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(614,292)
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(287,237)
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(472,918)
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(4,725,772)
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Long
Term Compensation
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|||||||||||||||||
Annual
Compensation
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Awards
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Payouts
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|||||||||||||||
b
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c
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d
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e
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f
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g
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h
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i | ||||||||||
Name
and
Principal
Position
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Year
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Salary
($)
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Bonus
($)
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Other
Annual
Compensation
($)
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Restricted
Stock
Awards
($)
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Securities
Under-
lying
Options
SARs
(#)
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LTIP
Payouts
($)
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All
Other
Compensa-
tion
($)
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|||||||||
Christopher
Paton-Gay,
Chairman,
CEO
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2007
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61,028 | 10,000 | 71,028 | |||||||||||||
2006
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20,675 | 233,430 | 254,105 | ||||||||||||||
2005
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46,840 | 284,500 | 331,340 | ||||||||||||||
Kulwant
Sandher,
Treasurer,
CFO
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2007
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42,168 | 5,000 | 47,168 | |||||||||||||
2006
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35,036 | 153,190 | 188,226 | ||||||||||||||
2005
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6,515 | 6,515 | |||||||||||||||
Joseph
A. Kane
Director
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2007
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10,000 | |||||||||||||||
2006
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23,750 | ||||||||||||||||
2005
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29.750 | ||||||||||||||||
Donald
Jackson Wells
Director
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2007
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10,000 | |||||||||||||||
2006
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23,750 | ||||||||||||||||
2005
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29.750 |
Share
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Name and Address of
Beneficial Owner
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Ownership
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%
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||||||
Christopher
Paton-Gay
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|||||||||
700
West Pender Street
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Chairman/CEO
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||||||||
Vancouver
B.C. Canada V6C
1G8
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Director
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3,735,000 | 6.05 | ||||||
Kulwant
Sander
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3.65 | ||||||||
700
West Pender Street
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Treasurer/CFO
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2,252,395 | |||||||
Vancouver
B.C. Canada V6C
1G8
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Donald
Jackson Wells
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3131
S.W. Freeway #46
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Houston
TX 77098
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Director
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75,800 | 0.12 | ||||||
Joseph
Kane
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3131
S.W. Freeway #46
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Houston
TX 77098
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Director
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75,800 | 0.12 | ||||||
All
Officers and Directors as a Group
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6,138,995 | 9.94 | |||||||
Total
Issued and Outstanding
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61,785,970 | 100.00 | |||||||
All
Affiliates
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(6,138,995 | ) | (9.94 | ) | |||||
Indicated
Total Non-Affiliate Ownership
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55,646,975 | 90.06 |
PRINT
NAME(S)
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SIGN
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(a)
Christopher Paton-Gay
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FOR
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AGAINST
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ABSTAIN
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Chairman,
CEO, Director
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(b)
Donald Jackson Wells
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FOR
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AGAINST
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ABSTAIN
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Director
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(c)
Joseph Kane
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FOR
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AGAINST
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ABSTAIN
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Director
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FOR
|
AGAINST
|
ABSTAIN
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Please
Return Proxies to:
William
Stocker
221
South Ola Vista First Floor
San
Clemente CA 92672
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