FWM Securities Inc.

Lakeridge Energy Asset Management Ltd.

December 02, 2008 10:37 ET

FWM Securities Inc. and Lakeridge Energy Asset Management Ltd. Announce the Creation of Shoreline Energy Fund

TORONTO, ONTARIO--(Marketwire - Dec. 2, 2008) -

THIS PRESS RELEASE IS NOT TO BE CONSTRUED AS A PUBLIC OFFERING IN ANY PROVINCE IN CANADA OR THE UNITED STATES. THE LIMITED PARTNERSHIP UNITS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 OR ANY STATE SECURITIES LAWS AND, THEREFORE, MAY NOT BE OFFERED FOR SALE IN THE UNITED STATES, EXCEPT IN TRANSACTIONS EXEMPT FROM REGISTRATION.

FWM Securities Inc. (FWM) and Lakeridge Energy Asset Management Ltd.(LEAM) today jointly announce they have partnered to launch Shoreline Energy Fund (Shoreline), an actively managed strategic private investment fund. The Shoreline Fund will seek to raise up to $100MM (Cdn.) on a private placement basis and will invest in high quality opportunities with significant value upside within the Canadian Oil and Gas sector.

Shoreline's objective is to take advantage of currently depressed market conditions in the oil and gas industry, by investing in opportunities that have the potential to generate high levels of capital appreciation for unit holders. The Fund will identify attractive investments through comprehensive analysis of the technical, operational, and financial aspects of an investment opportunity.

Shoreline will seek out quality investment opportunities of the following types:

- Equity of publicly traded as well as privately held companies

- Producing oil and gas assets.

- Debt of publicly traded companies; and

Shoreline will employ active methods to continually evaluate the holdings of Shoreline, divesting and acquiring of holdings as required, and reallocating capital in order to maintain a balanced portfolio of assets within each investment type.

In order to better capture future returns, and to evaluate the value of investment opportunities, Shoreline has engaged the evaluation, analytical and operational management services of Lakeridge Energy Asset Management Ltd.. ("LEAM"). LEAM is a Calgary-based privately held oil and gas company comprised of a full team of senior oil and gas professionals all with significant experience in evaluating, acquiring, and managing oil and gas assets. LEAM will identify attractive investments through comprehensive analysis of the technical, operational, and financial aspects of an investment opportunity.

By performing thorough technical analysis with continual and active manaqement, and a value driven investment thesis, Shoreline will identify and acquire those opportunities which involve stable companies holding high quality oil and gas assets that possess potential for above average growth when commodity prices, capital markets access, and general investor sentiment improve. In addition to investing in, externally managed companies, Shoreline (through the partnership with LEAM) will also invest in opportunities for direct ownership of high quality oil and gas assets. The ability to position Shoreline in opportunities such as these creates the potential to realize attractive returns as the energy market recovers.

Shoreline's independent Advisory Board is comprised of individuals with significant experience at senior levels of both growth oriented oil and gas companies together with intermediate and senior Canadian Oil and Gas Income Trusts. The Advisory Board will review each investment opportunity that is presented to Shoreline by LEAM.

FWM Securities Inc., the fund manager for Shoreline is located in Toronto, Ontario. FWM is operated by Trevor Folk, the fund manager of a series of alternative strategy commodities and futures investment funds that have had a successful and consistent track record of accumulating excellent returns, while successfully protecting capital during times when negative market sentiment prevails.

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