Our land holdings encompass approximately 2.4 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 27,000 oil and gas wells, the majority of which are located in Alberta.

LAND HOLDINGS BY PROVINCE

(gross acres)1	2009	2008	2007
Alberta	1,493,335	1,485,388	1,488,098
Saskatchewan	507,707	503,634	505,223
Ontario	295,769	295,769	296,109
British Columbia	80,788	81,472	82,423
Manitoba	8,283	8,283	8,283
Total	2,385,882	2,374,546	2,380,136
Undeveloped land	648,362	606,122	589,099
1 Gross acres represents the total number of acres in which we have an interest.