Our current focus is on accessing and developing upstream oil and gas opportunities in The Netherlands. Cirrus now holds an extensive portfolio of both exploration and development interests in a total of eleven offshore blocks in the Dutch sector of the North Sea. Cirrus operates ten of these blocks. First gas production in The Netherlands was achieved with startup of the M7-A Field on September 12, 2009. These assets provide Cirrus with a growing cash flow base plus exciting exploration and development opportunities within its extensive Dutch portfolio.

Cirrus trades on the TSX Venture exchange under the symbol “CYR”

Annual and Special Meeting of Shareholders

10:00 a.m. Tuesday, March 9, 2010

SunLife Plaza Convention Centre
Roxy Theatre "A"
140 4 Avenue SW
Calgary, Alberta

Achievements

• Cirrus has built a substantial portfolio of exploration and development assets in the Dutch sector of the prolific Southern North Sea gas basin.
• Cirrus currently holds operated interests in ten blocks which contain two undeveloped gas fields, M1-A and L8-D and the K10-Bravo undeveloped oil field. In addition, Cirrus holds a non-operated interest in a licence containing the undeveloped A15-A gas field.
• Development of the M7-A gas field has been completed and production commenced on September 12, 2009.  
• Total gross area under licence in the Netherlands is 481,400 acres.
• The L8-D field (Cirrus 25.5%) was successfully appraised by well L11-13 which tested 30 MMscf/d in February 2009. The field is expected to commence production in the early fourth quarter of 2009.
• Independent reserve auditors (GLJ, August 31, 2008) have estimated Cirrus' total proved plus probable reserves as 8.8 MMboe with an additional 1.0 MMboe attributable to the L11-13 well (GLJ, April 30, 2009).