Andora Energy Corporation is a private Calgary, Alberta based company established to develop heavy oil resources and to establish production from the prolific oilsands deposit in the Peace River District in the province of Alberta, Canada. Since its inception the company has focused on creating value for shareholders by specifically targeting large, high quality, contiguous resources. The Company has been focused and successful in the consolidation of the Sawn Lake Oilsands Resource; with 88 gross sections, in excess of 2 billion gross barrels of oil in place, 3P reserves of 235,328,000 gross barrels and a before tax Net Asset Value (NAV) of $2,450,000,000.00 discounted at 10%.

Andora is currently in the process of applying and seeking approval from the Energy Resources Conservation Board (ERCB) of Alberta for a Steam Assisted Gravity Drainage Demonstration Project to be located on our 100% working interest lands in South Sawn Lake.