ANNAPOLIS CAPITAL

Annapolis Capital Limited is a venture capital firm specializing in investments in startups, early stage companies, growth capital, and in private placements. The firm seeks to invest in upstream oil and gas private exploration and production companies. It seeks to invest in Canada. The firm invests between CAD $1 million ($0.94 million) and CAD $30 million ($28.34 million). It seeks board representation in larger investments ranging between CAD $5 million ($4.72 million) and CAD $21 million ($19.84 million). The firm seeks to exit its investments between three years and five years. Annapolis Capital Limited was founded in 2006 and is based in Calgary, Canada.