Stealth Ventures Ltd.

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Description

Stealth's expertise and focus is on "unconventional" gas reserves which encompass: shale gas, Coalbed Methane (CBM) and tight gas sand reservoirs. These reserves are generally "tight" or have also been described as challenging to produce with conventional drilling and completion technologies. The Company is now turning the corner towards rapid growth and development. Stealth Ventures Limited ("Stealth") is a Canadian junior oil and gas company with its corporate head office in Calgary and shares listed for trading on the TSX Venture exchange under the symbol SLV. Stealth's expertise and focus is on "unconventional" gas reserves which encompass: shale gas, Coalbed Methane (CBM) and tight gas sand reservoirs. These reserves are generally "tight" or have also been described as challenging to produce with conventional drilling and completion technologies. Stealth's inception in 1996 was in the mining industry and with a failed deal soon after moved into the oil and gas sector when in 2000 current management/insiders started to do minor interest oil and gas deals. In 2003 management started to look at CBM deals in Canada and began to farm-in on a non-operated basis on the Nova Scotia CBM properties. In the Summer of 2005 current management bought out all interests of US based Amvest Resources Incorporated's interest in the Nova Scotia CBM properties and on June 14th, 2005 took over as official operator of the Nova Scotia CBM properties and was thus re-born as an unconventional gas exploration company. In addition to the Company closing on the Nova Scotia CBM deal, an additional five shale gas properties were added in Western Canada adding to the exposure of early-time unconventional gas resource plays. As exploration continued, the Alberta based shale gas property rose to the top as the Company's first commercial play and the asset base was prioritized from seven individual gas plays to two strategic areas; the Wildmere region (Alberta shale gas) and the Cumberland Basin (Nova Scotia CBM property). The Company continues to build value primarily through its Wildmere play and will focus primarily on this play creating value in years to come.

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