Rally Energy

completed

_x000C_ Rally Energy Corp. (Rally) is a Calgary-based oil and gas company, with interests in Egypt, Pakistan and Canada. Its operations are primarily focused in Egypt in the Issaran oilfield located in the eastern desert along the western shore of the Gulf of Suez. The company, via its subsidiaries, also has a 22.5% non-operated interest in the Safed Koh concession area in Punjab province, central Pakistan. The Project involves Rally’s ongoing exploration, development and production activities in Egypt and Pakistan, including (i) its heavy oil development and production program in the Issaran oilfield in Egypt (100% operating interest) and (ii) development of the Salsabil gas/condensate field and additional exploration within the Safed Koh block in Pakistan (22.5% non operating interest) (the “Project”). Project investments, via Rally’s subsidiaries, will help develop resources in these concessions, apply established technology that can help enhance recovery of in-place oil reserves in Issaran, and explore for additional natural gas reserves in Pakistan.