Prix Altai Resources Inc. (ARSEF)

Altai Resources, Inc. engages in the exploration and development of natural resource properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2001-10-10. The firm also has a Canadian investment portfolio comprised of cash, cash equivalents, and marketable securities. The company has 100% interest in the heart of the St. Lawrence Lowlands Utica Shale gas play in Quebec - the Sorel-Trois Rivieres natural gas property of five permits aggregating to 68,483 hectares (169,221 acres), with significant potential for hydrocarbon production and storage. In addition, Altai retains a 15% gross royalty in the adjoining permit of 12,334 hectares (30,477 acres) held by Repsol Canada Energy Partnership. The firm also has 45% working interest in the Cessford oil producing property of 240 acres of Alberta Crown leases in the Cessford area of central Alberta.