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2005 News Releases

December 2, 2005
Aleli-D1 Drilling Update

November 23, 2005
Aleli-D1 Drilling Update

November 16, 2005
Aleli-D1 Drilling Update

October 4, 2005
Update on Aleli Deep Test in Colombia

September 21, 2005
Loon Spuds Aleli Deep Test in Colombia

September 19, 2005
Loon Drills Gas Well in Colombia

August 29, 2005
Start of Drilling In Colombia

July 27, 2005
Program Update — Colombia

May 30, 2005
New Annual Meeting Location & Time

April 13, 2005
Loon Updates Drilling Plans For Colombia

March 31, 2005
Loon Closes $20,000,000 Bought-Deal Private Placement

February 21, 2005
Loon Issues Options

February 18, 2005
Loon Negotiates Deal in Colombia

February 14, 2005
Fracture Stimulation of D-14 Appraisal Well – Extended Production Test to Commence

NOTICE TO READER
The information contained in news releases, while accurate at the time of issue, may be superceded by subsequent news releases.