MD@AThe 7.5% Series A convertible debentures in the principal amount of $50 million mature on January 31, 2016 and the 7.25% Series B convertible debentures in the principal amount of $46 million mature on June 30, 2017. The dramatic decrease in commodity prices is expected to impact the Company's options with respect to payment of these debentures when they become due. The Company has the option to settle all or a portion of the outstanding debentures through the issuance of common shares by giving notice of such intent to debenture holders not more than 60 and not less than 40 days prior to the applicable maturity date. The Company currently has a $31 million bank facility which is scheduled to be renewed in May 2015, available working capital and potential proceeds from a shallow gas asset disposition process in the second quarter of 2015 as sources of funds which could be used in whole or in part to settle all or part of the January 31, 2016 debenture maturity with cash. Currently the Company does not have sufficient funds to settle the debentures in cash upon their maturity. There is no assurance that the Company will be able to raise sufficient funds to settle the debentures in cash as it still needs the flexibility to continue oil and gas operations. The Board of Directors has hired Cormark Securities Inc. as a financial advisor to assess the Company's options with respect to the convertible debentures. DYODD.