Caltex Resources Ltd.

Caltex Resources Ltd.

Industry: Energy

Fund: Apex II Investment Fund, Apex Investment Fund, SaskWorks Diversified, SaskWorks Resources

Initial Investment Date: February 2012

Website: caltexresources.com

Status: Active

Caltex Resources Ltd. is a private oil & gas company focused on the exploration, development, and acquisition of heavy oil properties in western Saskatchewan and eastern Alberta. The management team will seek to replicate past success by deploying a similar strategy of strategic acquisitions and organic growth by focusing on technically/economically robust plays.

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Through its affiliation with the fund managers PFM Fund Operations, PFM Venture Capital, Prairie Ventures GP, TopSoil Farm Land Management, and TopSoil Farm Land Management (II), and doing business as PFM Capital ("PFM Capital" or "PFM"), PFM is a leading private equity investment firm in Saskatchewan. Founded in 1989 as a corporate finance company, PFM has been managing private equity and venture capital funds since 1993. This website does not represent an offering of securities. The information disclosed is incomplete and can be qualified in its entirety by each fund's most recent offering document or limited partnership agreement, obtainable free of charge by contacting PFM Capital Inc. The securities described herein are only available to eligible investors in Canada in accordance with applicable securities laws. Legal

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