Arkanova Energy Corporation (OTC: AKVA) is an Independent Oil and Gas Company committed to becoming a leading competitor through systematically expanding operations, increasing yearly revenues and consistently booking new reserves without risking the stability of operations or shareholder value. Arkanova practices a sensible and intelligent approach to oil and gas exploration, exercising a carefully considered development strategy that is focused upon progressively expanding the Company’s base of hydrocarbon assets through acquiring at favorable prices, a formidable base of low-cost reserve based properties that display significant undeveloped up side and immediate production capability. By identifying producing properties that fit the company's investment and production criteria, Arkanova has formulated a strategy which will enhance production and cash flow by increasing recovery through water and steam flooding, drilling step-out wells on established producing leases, upgrading existing recovery systems, and maintaining low operating costs.