Daniel Asa Blanchard

Phoenix Technology Income Fund is one of the largest, independent directional and horizontal drilling contractors in North America, with over 9,000 wells drilled since 1985. Its Headquarters is based in Calgary, Alberta, Canada along with their operations, research and manufacturing facilities. Phoenix Technology is a supplier to the Canadian and U.S. oil and natural gas producing sectors through two companies. Phoenix Technology Services LP offers services to the E&P sector in Canada and Nevis Energy Services Inc, operates from Houston, Texas. Phoenix has the capacity to provide drilling services on up to 62 wells concurrently. It is a publicly traded company that is listed on the Toronto Stock Exchange (TSX) under the symbol PHX.UN. It is an income fund that distributes an amount of its cash flow to investors (unitholders) on a monthly basis. Phoenix Technology Income Fund provides horizontal and directional drilling services to the oil and natural gas industry in western Canada and the United States. The company also rents various drilling equipment to oil and natural gas companies in western Canada and manufactures technology for lease and internal use.

Radius Directional Services Ltd. engages in the provision of horizontal and directional drilling services. The company was founded by Blair Layton and is headquartered in Calgary, Canada.