About Tango Energy

Tango is a junior oil and gas exploration and development company which is focused in deeper portions of the western Canadian sedimentary basin where some of the largest and longest life reserves and best resource plays can be found in North America. While Tango has traditionally drilled for and found all of its reserves through the drill bit, it is currently focused on strategic acquisitions in order to take advantage of the low commodity price environment.

Tango currently has production of approximately 720 barrels of oil equivalent per day, with an average working interest of 58 % in approximately 54,000 acres of land in the Southern Foothills, Central and Deep Basin, and Peace River Arch area’s of Alberta. Traditionally Tango has raised capital through the issuance of shares to explore for and drill prospects on these lands. In light of the current market conditions, Tango will supplement it’s current land and production base through a combination of spending its cash flow, on high impact affordable opportunities with partners and continuing to review both property and corporate acquisitions.

Tango is committed to maintaining a clean balance sheet, continue to develop it’s core properties with emphasis in 2010 on Tango’s Southern Alberta Foothills assets, and evaluate all strategic alternatives that present them selves in the current review process.