NAL Resources manages approximately 47,000 (29,000 net to the Corporation) boe per day and operates 90 percent of this production on behalf of NAL Energy Corporation (the "Corporation") and a subsidiary of Manulife Financial Corporation, a major Canadian financial institution. There are currently over 350 dedicated team members working at NAL in Western Canada. Our core areas include southeastern Saskatchewan, central Alberta and northeastern British Columbia.

The Corporation is a public entity traded on the Toronto Stock Exchange as NAE, and was created in 1996 from assets that were previously owned by a number of insurance companies including North American Life.

The Corporation's objective is to achieve stable and sustainable dividends and above average rates of return to our shareholders by applying professional capabilities in all of our core areas. Through prudent development, we will optimize the return from our existing properties and continue to enhance recovery factors through operational and technical capabilities and the use of new technologies. We will continue to pursue the selective acquisition of new properties, and core areas that meet our acquisition criteria, enhance our strategic position and/or add value to our shareholders.