Lariat Energy Ltd. is a Canada-based company. The Company is pursuing the acquisition of oil and gas properties. Lariat Energy Ltd. was previously engaged in the acquisition and exploration of petroleum interests. During the year ended December 31, 2006, the Company wrote-off its investment in its petroleum interests. Lariat Energy Ltd. has a wholly owned subsidiary, Totem Resources Inc. (Totem). With the abandonment of its petroleum interest, Totem no longer has any operations. As of December 31, 2007, the Company did not hold any petroleum interests.