Lightstream Resources Ltd. is engaged in the exploration and development of oil and natural gas in western Canada. The Company's principal operating areas include southeastern Saskatchewan where it targets the Bakken formation; central Alberta, where it is focused on the Cardium formation, and north-central Alberta, where it focuses on the development of the Swan Hills and are engaged in exploring for light-oil resource plays. It has a land base of approximately 527,000 net undeveloped acres, probable reserves of over 140 million barrel of oil equivalent and a drilling inventory of over 1,865 locations. Its Cardium business unit's land based stretches from Calgary, Alberta to Edmonton, Alberta. Its Cardium business unit's assets produce primarily light-oil. Its Bakken business unit is located in the southeast corner of the province of Saskatchewan and produces light-oil. Its AB/BC business Unit consists of undeveloped land on emerging light oil resource plays and its Swan Hills play.