INVESTMENTS

Intervale Investments

Intervale Capital provides the funding, expertise, and resources to help companies achieve extraordinary results. We seek promising companies to which we can add value by introducing best practices management and optimizing strategy.

AESI Holdings, Inc. Houston, Texas

AESI Holdings, Inc. (“AESI”), of which Azura Energy Systems, Inc. is a wholly owned subsidiary, focuses on the manufacture and sale of wellheads, trees and valves for the land and subsea markets. AESI maintains twelve manufacturing and sales locations in five states and two countries, and employs more than 230 people. Azura was founded in 2006 through the merger of Superior Wellhead, Inc. and Nautilus Marine Technologies, Inc. and the acquisition of Gilmore Valve Company.

More recently, AESI has broadened its international reach through the March 2008 acquisition of Hydrafit Subsea, a subsea tree installation and services company based in Aberdeen, Scotland.

Casedhole Solution, Inc. Weatherford, Oklahoma

Casedhole Solutions, Inc. Weatherford, Oklahoma

Casedhole Solutions offers a comprehensive suite of wireline services to its customers, including well perforation, completion and pipe recovery services. The rapidly-growing company serves major oil and gas fields out of operations in Weatherford, OK, Vernal, UT and Decatur, TX. Casedhole enjoys a broad customer base of exploration and production companies and has particular expertise in high-temperature and high-pressure wells.

Intervale acquired a majority equity interest in Casedhole in June 2008.

Tejas Research & Engineering, LP The Woodlands, Texas

Tejas provides design, engineering and testing services to the completions segment of the oilfield services market and also sells proprietary Merla choke valves and actuators. The Company has 30 employees, with six engineers on staff, and has established a reputation as a best-in-class completions technology and product development company.

Intervale acquired an equity interest in Tejas in July 2008.

Ulterra Drilling Technologies™ Fort Worth, Texas

Ulterra Drilling Technologies manufactures and sells Roller Cone and polycrystalline diamond crystal (PDC) drill bits for the oil & gas drilling industry. In addition, Ulterra manages a fleet of downhole rentals tools called Torkbuster, which optimizes drilling performance with PDC bits.

In December 2007 Ulterra acquired United Diamond, a leading manufacturer of drilling products headquartered in Alberta, Canada.