Anderson Energy Ltd. (Anderson) is a resource-based oil and gas development company. The Company is engaged in the acquisition, exploration and development of oil and gas properties in western Canada. Anderson�s principal property is in Central Alberta, proximal to the Garrington, Willesden Green and Pembina fields. It is focused on drilling Cardium horizontal oil wells. Anderson has an interest in 1,003 gross (581.7 net) natural gas wells and 205 gross (100.2 net) oil wells in the Central Alberta area. As of December 31, 2011, Anderson�s total proved reserves were 87 billion cubic feet (Bcf) of natural gas, two thousand stock tank barrels (Mstb) of natural gas liquids (NGLs) and 4.1 Mstb of oil. During the year ended December 31, 2011, the Company drilled 51 gross (44.7 net capital) Cardium horizontal wells.