Blackdog Resources Ltd. (Blackdog) is engaged in petroleum and natural gas exploration and development in the Western Canadian Sedimentary Basin. As of December 31, 2008, approximately 64% of the Company’s oil revenues came from its five existing Whitebear wells in Saskatchewan. The two new wells were added as of December 31, 2008, the acquired EVI well in northern Alberta and the new well drilled near Carlyle, Saskatchewan on the Company’s Whitebear property. On May 23, 2008, the Company completed the purchase of a half section of land (320 acres) in EVI near Red Earth, Alberta. Included in this purchase are a 10 barrels of oil per day (bopd) light oil well and a granite wash light oil drilling target.