NAL Resources Management Limited (the “Manager”) was established in 1990 and provides management services to NAL Resources Limited (“NAL Resources”), a private oil and gas company. The Manager previously provided management services to NAL Energy Corporation (TSX:NAE), which was managed by the Manager since 1996 and was acquired by Pengrowth Energy Corporation effective May 31, 2012.
NAL Resources continues to own and operate over 18,000 boe per day of production in its core areas of southeastern and southwestern Saskatchewan, and central and northwestern Alberta. NAL Resources remains focused on its strategy of growing through the drill bit, and through corporate and property acquisitions, while also managing investments funds on behalf of third parties. With more than 250 dedicated team members working in Western Canada, NAL Resources brings expertise in all areas of finding, development and the management of oil and gas assets. NAL Resources and the Manager are both indirect wholly-owned subsidiaries of Manulife Financial Corporation (TSX:MFC).