Overview

Ptarmigan Energy Inc. is a privately held junior oil and gas exploration company focused exclusively on offshore Western Newfoundland. The Company has a solid management team that has been involved in the region since the 1980s. Its head office is in St. John’s, Newfoundland and Labrador and it maintains a presence in Calgary, Alberta, Canada.

Ptarmigan Energy’s vision is to be a leading and responsible industry player in facilitating the discovery and commercial production of oil and gas resources offshore Western Newfoundland. Its strategy is to seek a farm-in arrangement for its offshore exploration license (EL 1120) comprised of 140,200 ha / 346,465 acres. The region is generally described as a Cambro-Ordovician platform play in a similar setting to the Ellenburger and Arbuckle formations along the prolific Eastern North American paleo-margin.