Cygam Energy Inc. (Cygam) is engaged in the exploration, development and production of oil and natural gas. The Company has production operations in Canada and exploration activities in Italy and Tunisia. In April 2008, Cygam participated in the drilling of the TT2 exploratory well on the Sud Remada block. The well was drilled to a total depth of 1500 meters and encountered hydrocarbons in the Ordovician Bir Ben Tartar formation In June 2008, the Corporation completed a 60 km 2 dimensional (2D) seismic acquisition program on the Bazma block. Cygam conducted an additional 200 km seismic program in the north-western portion of the Jorf permit.