Etrion Corporation, formerly PetroFalcon, is a Canadian energy company traded on the Toronto Stock Exchange (ticker symbol "ETX"). Etrion owns 100% of PFC Oil and Gas in Venezuela.

Etrion's largest shareholder is Lundin Petroleum, a Swedish independent oil and gas company listed on the Nordic Exchange (ticker symbol "LUPE").

In addition to Etrion's new projects described at www.etrion.ch, Etrion continues to own the legacy oil and gas assets below acquired by PetroFalcon in Venezuela.


PetroCumarebo

PFC Oil and Gas owns 40% of PetroCumarebo, S.A., a joint venture with PDVSA. PetroCumarebo holds all the operating rights to the East Falcon Block and the West Falcon Block (838,000 acres) in northwestern Venezuela and has current onshore production of oil and natural gas. The Falcon area is strategically located in close proximity to the Paraguana Refinery Complex, the largest refinery in the world.

Baripetrol

PFC Oil and Gas also owns a 5% interest in Baripetrol, S.A., a joint venture between PDVSA, Tecpetrol and Perenco. Baripetrol operates the Colon Block (297,000 acres) in western Venezuela and has current onshore production of oil and natural gas.