clear direction to opportunity annual report 2003 table of contents 1 financial highlights 2 cers and directors 3 letter shareholders 7 corporate strategy 8 employees consultants 9 property overview 14 operations 21 management s discussion analysis 30 31 auditors 32 consolidated nancial statements 35 notes 45 information general meeting energy will be held in the wildrose centre ballroom sheraton suites eau claire 255 barclay parade sw calgary alberta on wednesday june 2004 at pm all are invited attend those unable do so requested sign return form proxy mailed with this ensure representation inc is a 100 million market capitalization high growth oil gas exploration company that emerged from reorganization vermilion resources ltd january 22 focused growing per share value through acquisition quality natural assets western canada shares trade toronto stock exchange under symbol cen