<?xml version="1.0" ?>
<!-- 9263_20030305OON.xml -->
<PublicOfferingNotice xmlns="http://tempuri.org/PON.xsd" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://tempuri.org/PON.xsd PON.xsd">
<MineralType>OIL SANDS</MineralType>
<SaleDate>2003-03-05</SaleDate>
<!-- LEASE SCHEDULE -->
<Schedule>
<ContractType>LEASE</ContractType>
<Region>
<Name>COLD LAKE OS</Name>
<Contract>
<ContractNo>L0001</ContractNo>
<Hectares>128</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40605334E</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>IN THE</Qualifier>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDCode>4</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0002</ContractNo>
<Hectares>128</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40605410E</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>IN THE</Qualifier>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDCode>4</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0003</ContractNo>
<Hectares>128</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40605410W</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>IN THE</Qualifier>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDCode>4</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0004</ContractNo>
<Hectares>128</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40605422E</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>IN THE</Qualifier>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDCode>4</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0005</ContractNo>
<Hectares>128</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40605422W</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>IN THE</Qualifier>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDCode>4</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0006</ContractNo>
<Hectares>128</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40705514E</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>IN THE</Qualifier>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDCode>4</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0007</ContractNo>
<Hectares>128</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40705514W</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>IN THE</Qualifier>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDCode>4</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0008</ContractNo>
<Hectares>256</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40705518</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>IN THE</Qualifier>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDCode>4</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
</Region>
<Region>
<Name>PEACE RIVER OS</Name>
<Contract>
<ContractNo>L0009</ContractNo>
<Hectares>512</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51508131</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>51608136</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>BELOW THE TOP OF THE</Qualifier>
<ZoneName>PEACE RIVER FM</ZoneName>
<DRRZDCode>40</DRRZDCode>
</Line>
<Line>
<Qualifier>TO THE BASE OF THE</Qualifier>
<ZoneName>PEKISKO FM</ZoneName>
<DRRZDCode>174</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0010</ContractNo>
<Hectares>512</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51608126</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>51608135</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>BELOW THE TOP OF THE</Qualifier>
<ZoneName>PEACE RIVER FM</ZoneName>
<DRRZDCode>40</DRRZDCode>
</Line>
<Line>
<Qualifier>TO THE BASE OF THE</Qualifier>
<ZoneName>PEKISKO FM</ZoneName>
<DRRZDCode>174</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0011</ContractNo>
<Hectares>1024</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51608127</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608128</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608133</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608134</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>BELOW THE TOP OF THE</Qualifier>
<ZoneName>PEACE RIVER FM</ZoneName>
<DRRZDCode>40</DRRZDCode>
</Line>
<Line>
<Qualifier>TO THE BASE OF THE</Qualifier>
<ZoneName>PEKISKO FM</ZoneName>
<DRRZDCode>174</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0012</ContractNo>
<Hectares>1024</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51608129</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608130</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608131</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608132</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>BELOW THE TOP OF THE</Qualifier>
<ZoneName>PEACE RIVER FM</ZoneName>
<DRRZDCode>40</DRRZDCode>
</Line>
<Line>
<Qualifier>TO THE BASE OF THE</Qualifier>
<ZoneName>PEKISKO FM</ZoneName>
<DRRZDCode>174</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0013</ContractNo>
<Hectares>1536</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51608205</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608206</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608207</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608208</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51708212</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51708213</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
</LandDescription>

<ZoneDescription>
<Line>
<Substance>OIL SANDS</Substance>
<Qualifier>BELOW THE TOP OF THE</Qualifier>
<ZoneName>PEACE RIVER FM</ZoneName>
<DRRZDCode>40</DRRZDCode>
</Line>
<Line>
<Qualifier>TO THE BASE OF THE</Qualifier>
<ZoneName>PEKISKO FM</ZoneName>
<DRRZDCode>174</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
</Region>
</Schedule>
<DeeperRightsReversionZoneDesignations>
<!-- Deeper Rights Reversion Zone Designations -->
<DRRZD>
<DRRZDCode>4</DRRZDCode>
<DRRZDZone>
<ZoneCode>2480</ZoneCode>
<ZoneName>MANNVILLE GRP</ZoneName>
<DRRZDKeyWell>
<WellID>00/06-16-041-08W4/0</WellID>
<DRRZDInterval>
<From>2557</From>
<To>2985</To>
<UnitOfMeasure>FEET</UnitOfMeasure>
</DRRZDInterval>
<LogType>INDUCTION ELECTRICAL</LogType>
</DRRZDKeyWell>
</DRRZDZone>
</DRRZD>
<DRRZD>
<DRRZDCode>40</DRRZDCode>
<DRRZDZone>
<ZoneCode>2280</ZoneCode>
<ZoneName>PEACE RIVER FM</ZoneName>
<DRRZDKeyWell>
<WellID>00/07-09-076-08W6/0</WellID>
<DRRZDInterval>
<From>3760</From>
<To>4008</To>
<UnitOfMeasure>FEET</UnitOfMeasure>
</DRRZDInterval>
<LogType>BOREHOLE COMPENSATED SONIC</LogType>
</DRRZDKeyWell>
</DRRZDZone>
</DRRZD>
<DRRZD>
<DRRZDCode>174</DRRZDCode>
<DRRZDZone>
<ZoneCode>6420</ZoneCode>
<ZoneName>PEKISKO FM</ZoneName>
<DRRZDKeyWell>
<WellID>00/10-27-067-22W5/0</WellID>
<DRRZDInterval>
<From>6468</From>
<To>6654</To>
<UnitOfMeasure>FEET</UnitOfMeasure>
</DRRZDInterval>
<LogType>ELECTRICAL</LogType>
</DRRZDKeyWell>
</DRRZDZone>
</DRRZD>
</DeeperRightsReversionZoneDesignations>
</PublicOfferingNotice>

