Our land holdings encompass more than two million gross acres.

Our diversified asset base consists primarily of royalty interests, which provides income from the production and sale of crude oil, natural gas, natural gas liquids and potash. We have an interest in over 26,000 oil and gas wells, the majority of which are located in Alberta.

LAND HOLDINGS BY PROVINCE

(gross acres)1	2008	2007	2006
Alberta	1,485,388	1,488,098	1,218,097
Saskatchewan	503,634	505,223	464,977
Ontario	295,769	296,109	296,109
British Columbia	81,472	82,423	81,904
Manitoba	8,283	8,283	8,283
Total	2,374,546	2,380,136	2,069,370
Undeveloped land	606,122	589,099	598,235
1 Gross acres represents the total number of acres in which we have an interest.