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2006 marks the 20th anniversary of Enerplus Resources Fund, the first oil and natural gas income fund in Canada established in 1986. Over the past two decades, Enerplus has grown from a $9 million initial public offering, to having an enterprise value of over $7 billion today. With operations throughout western Canada and in the United States, we are one of the largest oil and gas income funds in North America and are recognized for our leadership, innovation, technical skills and long-term financial performance. We are committed to providing our investors with a superior return on their investment and will continue to seek opportunities that create value and enhance the sustainability of distributions over the long-term.

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