For June 4, 2008 AGM power point presentation go to Investor Information
One Year Anniversary of Active Trading in 49 North Shares
February 22, 2008 marked the one year anniversary of active trading in 49 North shares and we are very proud of our accomplishments. In what has been a very challenging year for investment in virtually all fields, 49 North stands out as a true success story. When held to relevant benchmarks such as the TSX venture index and our peer group of resource investment companies, our performance shines. Not only have we outperformed our benchmarks by a wide margin but we have also substantially increased shareholder value year over year.
49 North’s success can be attributed to our aggressive investment style as well as the particular success evident in Saskatchewan’s rapidly developing resource sector. Our mandate to provide early stage investment opportunities with a focus on Saskatchewan’s resources has proved to be a very beneficial strategy. By combining publicly traded resource stocks with very early stage private equity seed capital, we strive to give our investors the best possible mix of opportunities.
In recognizing the promise of new potash development in the province we were able to connect our shareholders with very successful early stage investments in companies like Athabasca Potash, Anglo Potash, Raytec Metals and Western Potash. As this sector advances we expect significant further value creation through our current holdings and believe this potential alone is a compelling reason to own 49 North Resource shares.
Seed capital and pre-IPO investments can be very lucrative, but typically are not available to the general investing public. 49 North was created specifically to connect retail investors with these types of opportunities. Current early stage investments of this nature within the portfolio include pre-IPO holdings of companies exploring for potash, gold, iron ore and other base metals as well as oil and gas. It is our view that these investments represent significant unrecognized value within 49 North that can accrue to investors as these companies begin publicly trading.
The wealth creation potential of Saskatchewan’s resource sector is truly outstanding and we are very proud to act as a capital market ambassador to what has become one of the premiere resource jurisdictions in the world.
Sincerely
Tom MacNeill
President/CEO
49 North Resource Fund Inc.
FEATURE COMPANY of the MONTH
Turning Vision into Value
August 2008 Update
Who We Are
Prairie Hunter Energy Corporation is a junior oil exploration and production company based in Regina, Saskatchewan. Prairie Hunter was founded as a private corporation in July 2007 and raised $9.8 million through a series of private placements. Prairie Hunter's exploration strategy is to focus on properties in Saskatchewan and has just completed drilling four successful wells in southeast Saskatchewan.
Our Business Plan
Prairie Hunter Energy Corporation (PHEC) was founded on the belief that significant new oil finds remain to be made in portions of the Western Canadian and Williston Sedimentary Basins of Saskatchewan. Our first step was to acquire some 10,000 acres of oil leases in southeast Saskatchewan and embark upon our first drilling program in July, 2008.
Summer Update
Our first drilling program consisted of 4 wells, each location targeting a different area. Two were vertical wells where we cored a number of potential intervals, while the other two were horizontal wells. Drilling operations have gone smoothly and all four wells have indications of being commercially viable oil producing wells. While still in the early stages of production, two of the wells were classified by the Ministry of Energy and Resources as "New Field Wildcat" discoveries and look very promising. The success to date has resulted in the identification of additional follow-up wells.
Production Update
As of August 20, the first four wells are on production with combined volumes of about 300 barrels of oil per day (150 net to Prairie Hunter). Prairie Hunter's operating strategy is based on controlling each element of the exploration and production cycle in order to maximize success rates, control costs and maximize operating netbacks. PHEC is in the process of constructing central operating facilities at one of its sites.
Where Business Is Booming
Saskatchewan has 10,000 job openings. Bring your parka.
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Source: Jon Birger, Fortune Magazine
Check out Presentations from the Denver Gold Forum 2008
The Denver Gold Forum is internationally regarded as one of the world's most prestigious precious metals investment forums, attended by major global fund and portfolio managers, institutional investors and analysts.
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5 Hottest Global Job Markets
"Ontario is being hit hard by the economic slowdown in the United States, but there's more to Canada than the eastern cities along the U.S. border. The commodities bonanza has made the distant parts of the country more attractive. High demand for potash and uranium in Saskatchewan entices Canadian workers to move west. And Alberta, the richest province in Canada, stays strong. Demand for executives is particularly high in Calgary."
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Source: Johan Anderberg, Fortune Magazine
