PanWestern Energy Inc.

PanWestern Energy Inc. is a Canada based energy company. The company is engaged in the exploration, development and exploitation of petroleum and natural gas. The company holds interests in various wells in the Retlaw area in southern Alberta, Garrington project in central Alberta, and various prospects in the Peace River region of Northern Alberta. It markets its natural gas in the Alberta spot market. The company mainly operates in Canada. The company completed the acquisition of Industrial Air Corp on April 22, 2008. The company is headquartered at Alberta, Canada.The company reported revenues of (Canadian Dollars) CAD 1.47 million during the fiscal year ended December 2008, an increase of 68.39% over 2007. The operating loss of the company was CAD 0.37 million during the fiscal year 2008, as compared to an operating loss of CAD 0.78 million during 2007. The net profit of the company was CAD 0.19 million during the fiscal year 2008, whereas the company reported a net loss of CAD 0.78 million during 2007.