Artisan Energy Corporation (Artisan) is a Canada-based oil and natural gas company. The Company is engaged in the exploration for, development of and production of oil and natural gas reserves in Western Canada. The Company's projects include Chip Lake, Conrad, Ferrybank and Tomahawk (Bigoray). The primary target at Chip Lake is light sweet oil (44 degree API) trapped in the Rock Creek formation at approximately 1,850 meter depth. In Ferrybank area the Belly River sand at approximately 950 meter depth produces a 33 degree API oil with a low gas oil ratio of less than 1,000 standard cubic feet per barrel (scf/bbl). The primary target at Conrad is 25 degree API oil from the Sawtooth formation at approximately 950 meter depth. The primary target at Tomahawk is the Wilrich Sand which yields sweet natural gas.