Equal Energy Ltd. – Small Cap Oil-Weighted Producer

Equal Energy is an exploration and production oil and gas company based in Calgary, Alberta, Canada with its United States operations office in Oklahoma City, Oklahoma. Equal has a geographically diverse portfolio of oil and gas assets with producing properties located principally in Oklahoma, Alberta, British Columbia and Saskatchewan.

Equal’s shares are listed on the Toronto Stock Exchange (TSX: EQU) and the New York Stock Exchange (NYSE: EQU). Production is comprised of approximately 57% crude oil and natural gas liquids and 43% natural gas as of Q3 2010. As of year‐end 2009 EQU had 17 million barrels of oil equivalent (MMBOE) of net proved reserves which were 51% liquidsweighted.

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