<?xml version="1.0" ?>
<!-- 31965_20040818OON.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>2004-08-18</SaleDate>
<!-- LEASE SCHEDULE -->
<Schedule>
<ContractType>LEASE</ContractType>
<Region>
<Name>COLD LAKE OS</Name>
<Contract>
<ContractNo>L0862</ContractNo>
<Hectares>256</Hectares>
<RestrictionCodeApplies>MTS000101-32-M002</RestrictionCodeApplies>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40205704</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>L0863</ContractNo>
<Hectares>256</Hectares>
<RestrictionCodeApplies>MTS000101-32-M002</RestrictionCodeApplies>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40205705</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>L0864</ContractNo>
<Hectares>192</Hectares>
<RestrictionCodeApplies>MTS000101-32-M002</RestrictionCodeApplies>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40205706S</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>40205706NE</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>L0865</ContractNo>
<Hectares>64</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40205706NW</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>L0866</ContractNo>
<Hectares>256</Hectares>
<RestrictionCodeApplies>MTS000101-32-M002</RestrictionCodeApplies>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40205733</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>L0867</ContractNo>
<Hectares>256</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>41106009</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>L0868</ContractNo>
<Hectares>512</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>40606115</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>40606122</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>L0869</ContractNo>
<Hectares>768</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51908317</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>51908320</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>51908329</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>L0870</ContractNo>
<Hectares>3328</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51209215</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209216</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209217</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209218</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209219</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209220</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209221</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209228</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209229</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209230</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209231</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209232</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209233</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>L0871</ContractNo>
<Hectares>1536</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51209222</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>51209226</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209227</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209234</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209235</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51209236</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>L0872</ContractNo>
<Hectares>3072</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51309225</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309226</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309227</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309228</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309229</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309230</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309231</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309232</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309233</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309234</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309235</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51309236</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>
<AddendaAndContacts>
<!-- Applicable Addenda And Contacts -->
<RestrictionDetail>
<RestrictionCode>MTS000101-32-M002</RestrictionCode>
<AppliesTo>
<ContractType>LEASE</ContractType>
<ContractNo>L0862</ContractNo>
<RestrictionLandDescription>
<RestrictionLand>
<LandKey>40205704</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</RestrictionLand>
</RestrictionLandDescription>

</AppliesTo>
<AppliesTo>
<ContractType>LEASE</ContractType>
<ContractNo>L0863</ContractNo>
<RestrictionLandDescription>
<RestrictionLand>
<LandKey>40205705</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</RestrictionLand>
</RestrictionLandDescription>

</AppliesTo>
<AppliesTo>
<ContractType>LEASE</ContractType>
<ContractNo>L0864</ContractNo>
<RestrictionLandDescription>
<RestrictionLand>
<LandKey>40205706S</LandKey>
<Portion></Portion>
<MetesBoundsIndicator>P</MetesBoundsIndicator>
<MetesBounds> </MetesBounds>
</RestrictionLand>
<RestrictionLand>
<LandKey>40205706NE</LandKey>
<Portion></Portion>
<MetesBoundsIndicator>P</MetesBoundsIndicator>
<MetesBounds> </MetesBounds>
</RestrictionLand>
</RestrictionLandDescription>

</AppliesTo>
<AppliesTo>
<ContractType>LEASE</ContractType>
<ContractNo>L0866</ContractNo>
<RestrictionLandDescription>
<RestrictionLand>
<LandKey>40205733</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</RestrictionLand>
</RestrictionLandDescription>

</AppliesTo>
<RestrictionDescription>
IS/ARE WITHIN A METIS SETTLEMENT.  THE SUCCESSFUL BIDDER MUST ENTER INTO A
DEVELOPMENT AGREEMENT WITH THE METIS SETTLEMENTS GENERAL COUNCIL AND THE
AFFECTED SETTLEMENT THAT INCLUDES NEGOTIATED COMMITMENTS TO:
</RestrictionDescription>
<RestrictionDescription>
1.  ENSURE THE PROTECTION OF THE ENVIRONMENT IN THE SETTLEMENT AREA IN
ACCORDANCE WITH PROVINCIAL STANDARDS AND SETTLEMENT BYLAWS;
</RestrictionDescription>
<RestrictionDescription>
2.  CONDUCT OPERATION IN A WAY THAT MAINTAINS THE SOCIAL AND CULTURAL
ORDER OF THE SETTLEMENT AREA AND CONFORMS WITH THE DEVELOPMENT PLANS AND
LAND USE RESTRICTIONS ESTABLISHED BY THE SETTLEMENT COUNCIL;
</RestrictionDescription>
<RestrictionDescription>
3.  EMPLOY, TRAIN, AND PROVIDE BUSINESS OPPORTUNITIES TO SETTLEMENT
MEMBERS, TO AN EXTENT THAT IS PRACTICAL, DURING THE CONSTRUCTION,
OPERATION, RECLAMATION AND ABANDONMENT PHASES OF ITS OPERATIONS IN THE
SETTLEMENT AREA;
</RestrictionDescription>
<RestrictionDescription>
4.  PAY APPLICABLE SETTLEMENT LICENCE FEES AND TAXES;
</RestrictionDescription>
<RestrictionDescription>
5.  PROVIDE FAIR AND REASONABLE COMPENSATION FOR SURFACE ACCESS AND
DAMAGES INCLUDING INFRASTRUCTURE DAMAGE, TIMBER LOSS, AND OTHER SPECIAL
DAMAGES;
</RestrictionDescription>
<RestrictionDescription>
6.  RECOGNIZE THE GENERAL COUNCIL'S RIGHT TO AN OVERRIDING ROYALTY AND
25% PARTICIPATION OPTION AS PROVIDED FOR IN THE CO-MANAGEMENT AGREEMENT
(SCHEDULE 3 OF THE METIS SETTLEMENTS ACT);
</RestrictionDescription>
<RestrictionDescription>
7.  ADHERE TO THE PROCEDURES CONTAINED IN THE CO-MANAGEMENT AGREEMENT AND
INFORMATION LETTER 92-19;
</RestrictionDescription>
<RestrictionDescription>
8.  THE SUCCESSFUL BIDDER WILL BE REQUIRED TO SIGN AN AGREEMENT IN THE
FORM OF THE MASTER DEVELOPMENT AGREEMENT, THE TEMPLATE OF WHICH IS
AVAILABLE FROM THE GENERAL COUNCIL UPON REQUEST.
</RestrictionDescription>
<RestrictionDescription>
PLEASE NOTE:  UNDER THE MASTER DEVELOPMENT AGREEMENT, THE SUCCESSFUL
BIDDER WILL BE A JOINT VENTURE PARTNER WITH THE METIS SETTLEMENTS
GENERAL COUNCIL.  FURTHER INFORMATION CAN BE OBTAINED BY CONTACTING
SUSAN LADOUCEUR, POSTING COORDINATOR FOR THE METIS SETTLEMENTS GENERAL
COUNCIL AT (780) 822-4096.
</RestrictionDescription>
<RestrictionDescription>
POTENTIAL BIDDERS SHOULD NOTE THAT FURTHER INFORMATION AND
DETAILS REGARDING THE ABOVE TERMS AND CONDITIONS WILL BE
AVAILABLE ON JUL 07, 2004.
</RestrictionDescription>
<SurfaceAccess>
SURFACE ACCESS IS SUBJECT TO SPECIFIC RESTRICTIONS
</SurfaceAccess>
<Contact>
<ContactName>SUSAN LADOUCEUR</ContactName>
<ContactTitle>METIS SETTLEMENTS GENERAL COUNCIL</ContactTitle>
<ContactAddressLine>10335 172 ST NW SUITE 200</ContactAddressLine>
<ContactCityTownVillageName>EDMONTON</ContactCityTownVillageName>
<ContactProvinceStateName>AB</ContactProvinceStateName>
<ContactPostalCode>T5S 1K9</ContactPostalCode>
<ContactTelephone>
<AreaCode>780</AreaCode>
<Prefix>822</Prefix>
<Suffix>4059</Suffix>
</ContactTelephone>
</Contact>
</RestrictionDetail>
</AddendaAndContacts>
</PublicOfferingNotice>

