4.	RESTRICTED CASH

Restricted cash includes $2.0 million on deposit with the Saskatchewan Ministry of Energy and Resources (“SMER”) as collateral for unfunded liabilities under the Saskatchewan Oil and Gas Orphan Fund and the Licensee Liability Rating Program. The restricted cash is pledged as collateral with a financial institution for a revolving irrevocable letter of guarantee maturing April 29, 2012 which may be drawn upon by the SMER at any time prior to maturity. In the event that the Company is unable to fulfill its obligation towards the Saskatchewan Oil and Gas Orphan Fund and the Licensee Liability Rating Program, the financial institution will pay the full or remaining amount of the deposit. Restricted cash also includes $0.3 million of Court-approved contractual payment obligations to employees deemed essential to the business during the CCAA proceedings that are held in escrow for payment in July 2012.