Canada

Valeura and its predecessor companies had operated oil and gas fields in Canada for approximately 10 years. Prior to the sale of all of the Canadian assets in the third quarter of 2014, Valeura had been operating nine oil and gas properties in Alberta, which produced approximately 43 boe/d (net) in the first half of 2014.

As the Company no longer has oil and gas properties in Canada, the previous Canadian segment in the Company's financial statements has been treated as discontinued operations effective with the reporting of third quarter 2014 results.