March 12, 2009 Decisions and Freeze and cease trade orders Securities

Montréal – In a decision handed down on February 13, 2009 at the request of the Autorité des marchés financiers (AMF), the Bureau de décision et de révision en valeurs mobilières (BDRVM) issued a reciprocal order prohibiting Roger A. Kimmel Jr., Rosemary Salveggi, Troy Gray, Stephen Shore as well as Petroleum Unlimited LLC, Global Petroleum Strategies LLC and Aurora Escrow Services LLC, their officers, representatives, employees and directors from carrying out any activity, directly, indirectly or via the Internet, in respect of a transaction in securities and from pursuing activities as a securities adviser.

As well, the BDRVM has ordered Reserve Oil and Gas LLC, a firm that was not covered by the orders issued by other authorities, to cease any activity, directly, indirectly or via the Internet, in respect of a transaction in securities and any activity as a securities adviser.

In its decision, the BDRVM noted a number of facts in support of its decisions:

• The cease trade orders issued by the securities authorities in Alberta, Saskatchewan and New Brunswick;
• The likelihood that many investors in Québec have been or will be solicited and will invest in the Petroleum program;
• The extent of solicitations conducted by the respondents in several Canadian provinces indicates that the promoters are interested in a number of markets regardless of applicable legislation;
• The exaggerated return (700%) promised to investors is a concern.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector.

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