Exall Energy Corporation (Exall) is a junior oil and gas exploration and production (E & P), company developing a number of producing oil and gas assets in the prolific Western Canadian Sedimentary Basin, in Alberta. Exall is primarily focused on the North-Central area of Alberta with additional producing assets in the Peace River Arch (PRA) area of Alberta, and the South East area of Alberta. Exall is building its asset base in the North-Central region to primarily develop its oil resource project. The Company operates all assets in the Mitsue Property. As of December 31, 2011, 24 gross (16.34 net) Gilwood wells had been drilled. The 14.5% working interest in the Jayar Property resulted in an average production of 80 barrel of oil equivalent per day, during the year ended December 31, 2011. The Bow Island Property consists of a 20% working interest in one producing heavy oil well. As of December 31, 2011, it had acquired 135,378 net acres of undeveloped land in the Mitsue area.