Andora Energy, Inc.

Background

In September, 2007 Surge Global Energy exchanged its 11,550,000 shares of Signet common stock for approximately 3,429,140 shares of common stock of Andora representing approximately 5% of the fully diluted shares of Andora.

Andora is a privately owned oil and gas company and is owned approximately 55% by Pan Orient Energy Corp., a Canadian energy company listed on the TSX Venture Exchange.   

Andora’s assets include various percentage interests in 84 sections of oil sands permits and a gross overriding royalty on various interests held by Deep Well, all located in the Sawn Lake heavy oil project area of Alberta, Canada, as well as a 2.4% net gross overriding royalty (3% of an 80% working interest) on interests in the thickest net oil pay sections of the pool, which is payable by Deep Well.    

Overview

• Andora drilled 2 wells in 2008
• Andora participated on its 10% working interest in 2 vertical and re-directed
  horizontal wells during the summer and fall of 2006 on the north block at Sawn Lake
• Andora had engineering completed by DeGolyer-McNaughton – Spring 2005
  
• Andora drilled additional vertical well – Winter 2005
  
• Andora completed extensive 3D seismic program winter/spring 2006
  
• Andora drilled 2 vertical test wells – Winter 2005 - cored, tested & analyzed