Pinecrest Energy Inc. is a Calgary, Alberta based petroleum and natural gas exploration, production and development company, with operations in the Canadian provinces of Alberta and Saskatchewan. Pinecrest trades on the Toronto Stock Venture Exchange ("TSX-V") under the symbol PRY.

Pinecrest's Business Plan is as follows:

• Light oil focus
• Identify and acquire a dominant position in large light oil-in-place resource-style reservoirs; and
• Utilize horizontal drilling and multistage fracturing to unlock potential reserves
• Operatorship and control
  • Completion methodology
  • Control capital allocation/cost/pace of operations
• Grow through a combination of strategic acquisitions and development/exploitation drilling
• Per share results – cost effective growth in reserves, production and cash flow
• Maintain strong balance sheet/financial flexibility