Company Information for Elko Energy Inc.

Company Statement

Founded in 2005, Elko Energy is an independent private company active in oil and gas exploration and development in offshore Denmark and the Netherlands. The company is incorporated in Toronto, Canada.

Since incorporation, Elko has been in a phase of rapid development with the Management team demonstrating their capabilities in gaining access to assets that have the potential to grow the Company substantially, as well as providing stable and profitable future growth opportunities.

It is the Management team’s ambition to be a leading independent exploration and production company focused on efficiently transforming resources to reserves whilst maximising returns for shareholders
 

Operations and Technology

Denmark

Current Ownership / Partnership:
Elko (Operator) 80%
Nordsoen (Danish Government Entity) 20%

License Summary:

• Situated up-dip of mature Jurassic source rocks in the Danish Central
• Graben, (source of major North Sea producing fields)
• Awarded 6th October 2005
• The area consists of 11 structures with exceptionally large resource potential 6-10 year exploration term, 30 year exploitation term

Aims, commitments and work program:

• Ready prospects for drilling in 2010
• Continue to test reserve potential of the license and continue farm out discussions

Netherlands

Current Ownership / Partnership:
Elko (Operator) 60%
Dutch State 40% effective

License Summary:
Block P1

• Located on southern margin of Southern Permian Gas basin and covers approximately 209 sq km (51,623 acres)
• Awarded 27th June 2007
• Eight wells have been drilled on the license of which five encountered gas on two discoveries
• The block is currently under appraisal for development

Block P2

• Awarded 21st February 2008
• Block is immediately adjacent to P1 and covers approximately 416 sq km (102,752 acres)
• Entire block is covered by 3-D seismic
• Nine wells drilled by previous operators, with five structures, two of which have been partially produced
• Several undrilled structures have been mapped with both oil and gas potential
• The block is currently under appraisal for development

Aims, proposed work program:

• Drill and test first appraisal / development well in 2010
• Prepare field development plan in 2010
• Approval of field development plan by mid 2011
• Produce commercial gas from first development in 2013

Board of Directors and Key Management

DIRECTORS
Andy Morrison	Chairman
Peter Moir	President and Chief Executive Officer
Jack Bray
John Conlon
Chris Irwin
Jeremy Kane
MANAGEMENT TEAM
Paul Briggs	Projects and Operations Manager
John Chamberlain	Denmark Exploration Coordinator
Roger Colmer	Drilling and Development Advisor
Yorck de Heer	Netherlands Country Manager
Peter Fellows	Asset Development Consultant
Alan Hume	Chief Financial Officer
Charlotte May	Corporate Secretary
Sarah Moore	Group Accountant
Gordon Parry	Netherlands Exploration Coordinator
Jon Treen	Commercial Advisor
Lucy Vanderpump	Administration Manager

Company Address 130 Adelaide Street WestSuite 2700 Toronto, Ontario, Canada M5H 3P5 Telephone: + 416 363 5995 Facsimile: + 416 364 5400 Email: pmoir[at]elkoenergy.com Website: http://www.elkoenergy.com

Additional Address/Key Contact Additional Address/Key Contact Elko Energy Business Services Limited Fetcham Park House Lower Road Fetcham, KT22 9HD U.K. + 44 (0) 1372 371 071

Year End 31st December

Most Recent Statement

11/11/09 - Investor Update
28/08/09 - Investor Update
20/06/08 - AGM Statement
20/03/08 - Elko Energy Inc 51-101 - Danish Assets Report on Resources Data by Tracs International
29/02/08 - Elko Energy awarded exploration block in Dutch North Sea
04/01/08 - Elko Energy Beats Market Blues To Raise US$18 Million For North Sea Drilling