<?xml version="1.0" ?>
<!-- 43405_20050601OON.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>2005-06-01</SaleDate>
<!-- LEASE SCHEDULE -->
<Schedule>
<ContractType>LEASE</ContractType>
<Region>
<Name>COLD LAKE OS</Name>
<Contract>
<ContractNo>L0332</ContractNo>
<Hectares>256</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>41305930</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>L0333</ContractNo>
<Hectares>256</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>41206031</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>L0334</ContractNo>
<Hectares>256</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>41306020</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>L0335</ContractNo>
<Hectares>256</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>41306029</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>L0336</ContractNo>
<Hectares>3072</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51807820</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807821</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807822</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807823</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807826</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807827</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807828</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807829</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807832</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807833</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807834</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51807835</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>BLUESKY-BULLHEAD</ZoneName>
<DRRZDCode>21</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0337</ContractNo>
<Hectares>3584</Hectares>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>51608103</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608104</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608105</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608106</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608107</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608108</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608109</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608110</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608116</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51608117</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51708101</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>51708112</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51708113</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>51708124</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>L0338</ContractNo>
<Hectares>5440</Hectares>
<RestrictionCodeApplies>PRP008401</RestrictionCodeApplies>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>52008106</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52008107N</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52008107SW</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52008118</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52008119</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52008130</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52008131</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108101N</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108101SE</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108102S</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108102NE</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108103E</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108110SW</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108111</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108112</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108113</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108114N</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108114SE</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108115</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108122S</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108122NE</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108123</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108124</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108125S</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108125NE</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</Land>
<Land>
<LandKey>52108126</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108127</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108134</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108135</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
</Land>
<Land>
<LandKey>52108136</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>BLUESKY-BULLHEAD</ZoneName>
<DRRZDCode>21</DRRZDCode>
</Line>
</ZoneDescription>
</Tract>
</Contract>
<Contract>
<ContractNo>L0339</ContractNo>
<Hectares>256</Hectares>
<RestrictionCodeApplies>CRG000154</RestrictionCodeApplies>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>50809636</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>L0340</ContractNo>
<Hectares>256</Hectares>
<RestrictionCodeApplies>CRG000103</RestrictionCodeApplies>
<Tract>
<TractNo>0</TractNo>
<LandDescription>
<Land>
<LandKey>50709719</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>
</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>21</DRRZDCode>
<DRRZDZone>
<ZoneCode>3052</ZoneCode>
<ZoneName>BLUESKY-BULLHEAD</ZoneName>
<DRRZDKeyWell>
<WellID>00/10-32-081-01W6/0</WellID>
<DRRZDInterval>
<From>2754</From>
<To>3043</To>
<UnitOfMeasure>FEET</UnitOfMeasure>
</DRRZDInterval>
<LogType>DUAL INDUCTION SPHERICALLY FOCUSED</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>CRG000103</RestrictionCode>
<AppliesTo>
<ContractType>LEASE</ContractType>
<ContractNo>L0340</ContractNo>
<RestrictionLandDescription>
<RestrictionLand>
<LandKey>50709719</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</RestrictionLand>
</RestrictionLandDescription>

</AppliesTo>
<RestrictionDescription>
ALL LAND(S) IS/ARE WITHIN AN IMPORTANT CARIBOU RANGE.

</RestrictionDescription>
<SurfaceAccess>
SURFACE ACCESS IS SUBJECT TO SPECIFIC RESTRICTIONS
</SurfaceAccess>
<Contact>
<ContactName>RALPH WOODS</ContactName>
<ContactTitle>LAND MANAGEMENT FORESTER</ContactTitle>
<ContactTitle>DEPT. OF SUSTAINABLE RESOURCE DEV</ContactTitle>
<ContactTitle>PEACE RIVER OFFICE - LAND USE AREA- PUBLIC LANDS AND FORESTS</ContactTitle>
<ContactAddressLine>9621 96 AVE FLOOR MAIN</ContactAddressLine>
<ContactCityTownVillageName>PEACE RIVER</ContactCityTownVillageName>
<ContactProvinceStateName>AB</ContactProvinceStateName>
<ContactPostalCode>T8S 1T4</ContactPostalCode>
<ContactTelephone>
<AreaCode>780</AreaCode>
<Prefix>624</Prefix>
<Suffix>6331</Suffix>
</ContactTelephone>
</Contact>
</RestrictionDetail>
<RestrictionDetail>
<RestrictionCode>CRG000154</RestrictionCode>
<AppliesTo>
<ContractType>LEASE</ContractType>
<ContractNo>L0339</ContractNo>
<RestrictionLandDescription>
<RestrictionLand>
<LandKey>50809636</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</RestrictionLand>
</RestrictionLandDescription>

</AppliesTo>
<RestrictionDescription>
ALL LAND(S) IS/ARE WITHIN AN IMPORTANT CARIBOU RANGE.

</RestrictionDescription>
<SurfaceAccess>
SURFACE ACCESS IS SUBJECT TO SPECIFIC RESTRICTIONS
</SurfaceAccess>
<Contact>
<ContactName>DAVE LAING</ContactName>
<ContactTitle>FORESTER</ContactTitle>
<ContactTitle>DEPT. OF SUSTAINABLE RESOURCE DEV</ContactTitle>
<ContactTitle>SLAVE LAKE OFFICE - LAND USE AREA - PUBLIC LANDS AND FORESTS</ContactTitle>
<ContactAddressLine>301 BIRCH RD NE</ContactAddressLine>
<ContactCityTownVillageName>SLAVE LAKE</ContactCityTownVillageName>
<ContactProvinceStateName>AB</ContactProvinceStateName>
<ContactPostalCode>T0G 2A2</ContactPostalCode>
<ContactTelephone>
<AreaCode>780</AreaCode>
<Prefix>849</Prefix>
<Suffix>7400</Suffix>
</ContactTelephone>
</Contact>
</RestrictionDetail>
<RestrictionDetail>
<RestrictionCode>PRP008401</RestrictionCode>
<AppliesTo>
<ContractType>LEASE</ContractType>
<ContractNo>L0338</ContractNo>
<RestrictionLandDescription>
<RestrictionLand>
<LandKey>52108134NE</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</RestrictionLand>
<RestrictionLand>
<LandKey>52108135W</LandKey>
<Portion></Portion>
<MetesBoundsIndicator></MetesBoundsIndicator>
<MetesBounds></MetesBounds>
</RestrictionLand>
</RestrictionLandDescription>

</AppliesTo>
<RestrictionDescription>
IS/ARE WITHIN A PROVINCIAL PARK.

</RestrictionDescription>
<SurfaceAccess>
SURFACE ACCESS IS NOT PERMITTED
</SurfaceAccess>
<Contact>
<ContactName>BILL RICHARDS</ContactName>
<ContactTitle>RESOURCE TECHNOLOGIST</ContactTitle>
<ContactTitle>COMMUNITY DEVELOPMENT</ContactTitle>
<ContactAddressLine>PARKS AND PROTECTED AREAS</ContactAddressLine>
<ContactAddressLine>SYSTEMS PLANNING BRANCH</ContactAddressLine>
<ContactAddressLine>9820 106 ST NW FLOOR 5</ContactAddressLine>
<ContactCityTownVillageName>EDMONTON</ContactCityTownVillageName>
<ContactProvinceStateName>AB</ContactProvinceStateName>
<ContactPostalCode>T5K 2J6</ContactPostalCode>
<ContactTelephone>
<AreaCode>780</AreaCode>
<Prefix>427</Prefix>
<Suffix>9445</Suffix>
</ContactTelephone>
</Contact>
</RestrictionDetail>
</AddendaAndContacts>
</PublicOfferingNotice>

