White Rhino Energy’s team members have consistently sourced financing for a variety of oil and gas exploration and development projects where they operate. Financing has come from private, public and bank sources for a multitude of international and US based projects.

White Rhino’s aim and intention is to seek out lucrative exploration and development projects, which, once proven and developed, will have a market value upwards of one billion dollars. Initial financing for exploration projects is targeted around $50 million.

Some examples of prior project financing are as follows:

• $100M in equity offerings on the TSX and AMEX stock exchanges and $135M in debt financing to fund coal bed methane projects in Mongolia, British Columbia, Saskatchewan and Wyoming.

• $200M in private equity coupled with $185M in senior debt financing for exploration and development of oil fields in North Dakota.

• $400M in equity offerings on the NYSE and a $200M senior credit facility for exploration and development of oil fields in the Bakken formation of North Dakota

• $96M in private equity to acquire offshore blocks in Indonesia subsequently sold for $310M for development.

• $12M in private funding to acquire and develop a 35,000 acre position in the Marcellus and Utica formations of New York State.