$100 Million Bought Deal Offering of Subscription Receipts

On August 13, 2007, Anderson Energy Ltd. completed an offering of 25,700,000 subscription receipts pursuant to a short form prospectus for aggregate gross proceeds of approximately $100 million. Each subscription receipt entitles the holder to receive one common share of Anderson for no additional consideration upon the acquisition of certain oil and natural gas assets in the Pembina and Strachan areas of Alberta through the purchase of a whollyowned subsidiary of Pengrowth Corporation.

Working on behalf of Anderson Energy Ltd. was David Spencer, Will Osler, Harinder Basra and Matthew Lawson (corporate) of Bennett Jones LLP.

Burnet, Duckworth & Palmer LLP, with a team comprised of Grant Zawalsky, Keith Greenfield, Lindsay Cox acted as counsel for the underwriting syndicate.


David A. Spencer Grant A. Zawalsky Keith A. Greenfield William S. Osler Harinder Basra Lindsay P. Cox Matthew E. Lawson


Bennett Jones LLP Burnet, Duckworth & Palmer LLP