Exall Energy Corporation provided financial and operational guidance for the year 2013. The company's Board of Directors has approved an exploration and development expenditures program of CAD 29.4 million for 2013. The 2013 capital budget is expected to be self-financed by funds from operations and will be adjusted from time to time to reflect production and cash flow achievements. The initial 2013 Capital Budget will encompass the continued, focused development of Exall's 66 - 73.5%-owned, Gilwood light sweet crude oil play. At Marten Mountain in Mitsue, Alberta, the company plans to drill 13 gross (9.40 net) wells with 3.0 gross (2.16 net) exploration wells and 10 gross (7.24 net) development wells being drilled on the North 3D Seismic channel. The drilling and completion expenditure component of company's 2013 capital budget is projected to approximate CAD 25.7 million, with remaining budgeted funds of approximately CAD 3.75 million allocated towards investments in well-site equipment, field facilities, and gathering lines. Based on the 2013 Capital Budget and projected funds from operations, company's year-end 2013 net debt is estimated at CAD 59 million (CAD 36.0 Million in bank debt plus CAD 23.0 Million in convertible debentures due March 31, 2017) or approximately 2.0 times forecasted 2013 funds from operations. Assuming the median of the forecasted average daily production range and utilizing 2013 pricing assumptions of CAD 85.00 per bbl for Edmonton Par oil, and AECO gas price of CAD 3.39 per gigajoule, the company's funds from operations for 2013 is estimated at CAD 0.44 per basic share or approximately CAD 29.4 million in aggregate, which represents a significant increase of 78%, over projected 2012 funds from operations.

Based on the budgeted capital expenditures anticipated within the 2013 Capital Budget, average daily production for fiscal 2013 is projected to range between 1,500 - 1,700 boepd, weighted approximately 97% light sweet crude oil and NGLs and 3% natural gas. This forecasted production range represents a 39% to 57% increase over the company's 2012 average daily production estimate.