Short-term Lower-risk heavy oil development drilling in Western Canada Medium-term High return, multi-zone exploration in AlbertaHigh return Nova Scotia reef oil exploration . Dual Growth Oil Strategy. 2. Market Snapshot. TSX-V: FENPublic listing in December 2008Shares outstandingBasic 103,677,023Fully diluted 124,103,517Management/insider ownership:50%Current share price: $0.22 (March 14, 2011)Market capitalization: $22.9 MM.
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