EXHIBIT 1


SUPPLEMENTARY OIL & GAS INFORMATION
(UNAUDITED)


This  supplementary  crude  oil and  natural  gas  information  is  provided  in
accordance  with  the  United  States  FAS 69,  "Disclosures  about  Oil and Gas
Producing  Activities",  and  where  applicable  is  reconciled  to the US  GAAP
financial information.

NET PROVED CRUDE OIL AND NATURAL GAS RESERVES

The Company retains qualified  independent  reserves  evaluators to evaluate the
Company's  proved  crude oil and  natural  gas  reserves.  For the  years  ended
December 31, 2007, 2006, 2005 and 2004 the reports by Sproule Associates Limited
and Ryder Scott Company covered 100% of the Company's conventional reserves.

Proved crude oil and natural gas reserves are the estimated  quantities of crude
oil,  natural gas and natural gas liquids that geological and  engineering  data
demonstrate  with  reasonable  certainty to be  recoverable in future years from
known  reservoirs  under  existing  economic and  operating  conditions.  Proved
developed  reserves  are  reserves  that can be  expected to be  recovered  from
existing wells with existing equipment and operating methods.

Estimates of crude oil and natural gas reserves are subject to  uncertainty  and
will change as additional  information regarding producing fields and technology
becomes available and as future economic and operating conditions change.

The  following  table  summarizes  the  Company's  proved and  proved  developed
conventional  crude  oil and  natural  gas  reserves,  net of  royalties,  as at
December 31, 2007, 2006, 2005 and 2004:

<TABLE>

                                               North          North       Offshore
CRUDE OIL AND NGLS (mmbbl)                   America            Sea      West Africa     Total
===============================================================================================
<S>                                         <C>              <C>         <C>             <C>

Net proved reserves
Reserves, December 31, 2004                       648           303              115      1,066
Extensions and discoveries                         98             -                -         98
Improved recovery                                   3             3                2          8
Purchases of reserves in place                      -             -               15         15
Sales of reserves in place                         (3)            -                -         (3)
Production                                        (70)          (25)              (8)      (103)
Revisions of prior estimates                       18             9               10         37
-----------------------------------------------------------------------------------------------
Reserves, December 31, 2005                       694           290              134      1,118
Extensions and discoveries                         53             3                -         56
Improved recovery                                 190            26                -        216
Purchases of reserves in place                     26             -                -         26
Sales of reserves in place                          -             -                -          -
Production                                        (75)          (22)             (13)      (110)
Revisions of prior estimates                       (1)            2                9         10
-----------------------------------------------------------------------------------------------
Reserves, December 31, 2006                       887           299              130      1,316
Extensions and discoveries                         30             -                -         30
Improved recovery                                  13             6                -         19
Purchases of reserves in place                      1             -                -          1
Sales of reserves in place                          -            (3)               -         (3)
Production                                        (77)          (20)             (10)      (107)
Revisions of prior estimates                       66            28                8        102
===============================================================================================
RESERVES, DECEMBER 31, 2007                       920           310              128      1,358

Net proved developed reserves
         December 31, 2004                        367           218               20       605
         December 31, 2005                        402           214               80       696
         December 31, 2006                        420           214               63       697
         DECEMBER 31, 2007                        426           240               70       736
===============================================================================================
</TABLE>

<PAGE>

<TABLE>
                                                North          North       Offshore
NATURAL GAS (bcf)                             America            Sea      West Africa     Total
==============================================================================================
<S>                                         <C>              <C>         <C>             <C>
Net proved reserves
Reserves, December 31, 2004                     2,591            27           72          2,690
Extensions and discoveries                        506             -            -            506
Improved recovery                                  30             -            -             30
Purchases of reserves in place                      6             -            -              6
Sales of reserves in place                        (23)            -            -            (23)
Production                                       (411)           (7)          (1)          (419)
Revisions of prior estimates                       42             9            1             52
-----------------------------------------------------------------------------------------------
Reserves, December 31, 2005                     2,741            29           72          2,842
Extensions and discoveries                        250             -            -            250
Improved recovery                                  74             -            -             74
Purchases of reserves in place                  1,111             -            -          1,111
Sales of reserves in place                         (1)            -            -             (1)
Production                                       (433)           (5)          (3)          (441)
Revisions of prior estimates                      (37)           13          (13)           (37)
-----------------------------------------------------------------------------------------------
Reserves, December 31, 2006                     3,705            37           56          3,798
Extensions and discoveries                        134             -            -            134
Improved recovery                                 132             3            -            135
Purchases of reserves in place                     12             -            -             12
Sales of reserves in place                          -             -            -              -
Production                                       (503)           (5)          (4)          (512)
Revisions of prior estimates                       41            46           12             99
-----------------------------------------------------------------------------------------------
RESERVES, DECEMBER 31, 2007                     3,521            81           64          3,666
===============================================================================================
Net proved developed reserves
         December 31, 2004                      2,213            12            5         2,230
         December 31, 2005                      2,300            16           10         2,326
         December 31, 2006                      2,934            17           12         2,963
         DECEMBER 31, 2007                      2,731            58           53         2,842
===============================================================================================
</TABLE>

<PAGE>

CAPITALIZED COSTS RELATED TO CRUDE OIL AND NATURAL GAS ACTIVITIES

<TABLE>
                                                                             2007
---------------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)               NORTH          NORTH           OFFSHORE                     TOTAL
                                           AMERICA            SEA        WEST AFRICA        OTHER
===============================================================================================================
<S>                                  <C>               <C>            <C>              <C>           <C>

Proved properties                    $      32,061     $      3,164   $        1,695   $     14      $   36,934
Unproved properties                          2,259               10              138         25           2,432
                                            34,320            3,174            1,833         39          39,366
---------------------------------------------------------------------------------------------------------------
Less: accumulated depletion
  and depreciation                         (12,213)          (1,446)            (645)       (14)        (14,318)
Net capitalized costs                $      22,107     $      1,728   $        1,188   $     25      $   25,048
===============================================================================================================

                                                                             2006
---------------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)               North          North           Offshore                     Total
                                           America            Sea        West Africa        Other
===============================================================================================================
Proved properties                    $      29,596     $      3,346   $        1,601   $     14      $   34,557
Unproved properties                          2,244               24               84         24           2,376
                                            31,840            3,370            1,685         38          36,933
---------------------------------------------------------------------------------------------------------------
Less: accumulated depletion
  and depreciation                          (9,878)          (1,341)            (481)       (14)        (11,714)
---------------------------------------------------------------------------------------------------------------
Net capitalized costs                $      21,962     $      2,029   $        1,204   $     24      $   25,219
===============================================================================================================

                                                                             2005
---------------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)               North          North           Offshore                   Total
                                           America            Sea        West Africa        Other
===============================================================================================================
Proved properties                    $      20,886     $      2,675   $        1,365   $     14      $   24,940
Unproved properties                          1,372               28              182         13           1,595
                                            22,258            2,703            1,547         27          26,535
---------------------------------------------------------------------------------------------------------------
Less: accumulated depletion
  and depreciation                          (7,993)          (1,022)            (294)       (14)         (9,323)
---------------------------------------------------------------------------------------------------------------
Net capitalized costs                $      14,265     $      1,681   $        1,253   $     13      $   17,212
===============================================================================================================

</TABLE>

<PAGE>
COSTS INCURRED IN CRUDE OIL AND NATURAL GAS ACTIVITIES
<TABLE>
                                                                             2007
---------------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)               NORTH          NORTH           OFFSHORE                     TOTAL
                                           AMERICA            SEA        WEST AFRICA        OTHER
===============================================================================================================
<S>                                  <C>               <C>            <C>              <C>           <C>
PROPERTY ACQUISITIONS
   Proved                            $          55     $        (38)  $            -   $      -      $       17
   Unproved                                     13                1                -          -              14
---------------------------------------------------------------------------------------------------------------
Exploration                                    239               19                -          1             259
Development                                  2,173              380              148          -           2,701
---------------------------------------------------------------------------------------------------------------
Costs incurred                       $       2,480     $        362   $          148   $      1      $    2,991
===============================================================================================================

                                                                             2006
---------------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)               North         North            Offshore                     Total
                                           America           Sea         West Africa        Other
===============================================================================================================
PROPERTY ACQUISITIONS
   Proved                            $       5,627     $          -   $            1   $      -      $    5,628
   Unproved                                    910                -                -          -             910
Exploration                                    238                4                1         11             254
Development                                  2,807              628              133          -           3,568
---------------------------------------------------------------------------------------------------------------
Costs incurred                       $       9,582     $        632   $          135   $     11      $   10,360
===============================================================================================================

                                                                             2005
---------------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)               North         North            Offshore                     Total
                                           America           Sea         West Africa        Other
===============================================================================================================
PROPERTY ACQUISITIONS
   Proved                            $        (448)    $         (3)  $           63   $      -      $     (388)
   Unproved                                    210                -              (52)         -             158
Exploration                                    360               22               16          5             403
Development                                  2,386              232              439          -           3,057
---------------------------------------------------------------------------------------------------------------
Costs incurred                       $       2,508     $        251   $          466   $      5      $    3,230
===============================================================================================================

</TABLE>

<PAGE>


RESULTS OF OPERATIONS FROM CRUDE OIL AND NATURAL GAS PRODUCING ACTIVITIES

The  Company's  results of  operations  from crude oil and natural gas producing
activities for the years ended  December 31, 2007,  2006 and 2005 are summarized
in the following tables:

<TABLE>

                                                                       2007
---------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)                 NORTH        NORTH         OFFSHORE         TOTAL
                                               AMERICA        SEA       WEST AFRICA
=========================================================================================================
<S>                                          <C>            <C>        <C>                <C>
Crude oil and natural gas revenue, net of     $     7,441   $  1,522   $         709      $     9,672
  royalties and blending costs
Production                                         (1,642)      (432)            (94)         (2,168)
Transportation                                       (335)       (16)             (1)           (352)
Depletion, depreciation and amortization           (2,359)      (340)           (165)         (2,864)
Asset retirement obligation accretion                 (38)       (30)             (2)            (70)
Petroleum revenue tax                                   -       (141)              -            (141)
Income tax                                           (997)      (282)           (121)         (1,400)
------------------------------------------------------------------------------------------------------
Results of operations                         $     2,070   $    281   $         326      $    2,677
======================================================================================================

                                                                       2006
------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)                      North       North         Offshore     Total
                                                  America        Sea         West Africa
======================================================================================================
Crude oil and natural gas revenue, net of     $     5,707   $  1,310   $         911      $    7,928
  royalties and blending costs
Production                                         (1,436)      (390)           (106)         (1,932)
Transportation                                       (326)       (15)             (1)           (342)
Depletion, depreciation and amortization           (1,894)      (297)           (189)         (2,380)
Asset retirement obligation accretion                 (35)       (31)             (2)            (68)
Petroleum revenue tax                                   -       (234)              -            (234)
Income tax                                           (706)      (172)           (172)         (1,050)
------------------------------------------------------------------------------------------------------
Results of operations                         $     1,310   $    171   $         441      $    1,922
======================================================================================================

                                                                       2005
------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)                      North       North         Offshore     Total
                                                  America         Sea        West Africa
======================================================================================================
Crude oil and natural gas revenue, net of     $     5,727   $  1,499   $         472      $    7,698
  royalties and blending costs
Production                                         (1,211)      (379)            (53)         (1,643)
Transportation                                       (287)       (20)              -            (307)
Depletion, depreciation and amortization           (1,588)      (306)           (104)         (1,998)
Asset retirement obligation accretion                 (34)       (34)             (1)            (69)
Petroleum revenue tax                                   -       (172)              -            (172)
Income tax                                         (1,007)      (235)           (110)         (1,352)
------------------------------------------------------------------------------------------------------
Results of operations                         $     1,600   $    353   $         204      $    2,157
======================================================================================================
</TABLE>

<PAGE>


STANDARDIZED MEASURE OF DISCOUNTED FUTURE NET CASH FLOWS FROM
PROVED CRUDE OIL AND NATURAL GAS RESERVES AND CHANGES THEREIN

The  following  standardized  measure of  discounted  future net cash flows from
proved crude oil and natural gas reserves has been computed using year-end sales
prices and costs and year-end  statutory  income tax rates. A discount factor of
10% has been  applied in  determining  the  standardized  measure of  discounted
future net cash  flows.  The  Company  does not  believe  that the  standardized
measure of  discounted  future net cash flows will be  representative  of actual
future net cash flows and should not be  considered  to represent the fair value
of the crude oil and natural gas  properties.  Actual net cash flows will differ
from the  presented  estimated  future  net cash  flows due to  several  factors
including:

o    Future production will include  production not only from proved properties,
     but may also include production from probable and possible reserves;

o    Future  production of crude oil and natural gas from proved properties will
     differ from reserves estimated;

o    Future  production  rates will vary from those  estimated;

o    Future rather than year-end sales prices and costs will apply;

o    Economic factors such as interest rates,  income tax rates,  regulatory and
     fiscal environments and operating conditions will change;

o    Future  estimated  income  taxes do not take into  account  the  effects of
     future exploration expenditures; and

o    Future development and asset retirement  obligations will differ from those
     estimated.

Future net revenues,  development,  production and  restoration  costs have been
based upon the estimates  referred to above.  The following tables summarize the
Company's  future net cash flows  relating  to proved  crude oil and natural gas
reserves based on the standardized measure as prescribed in FAS 69:

<TABLE>

                                                                             2007
----------------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)                        NORTH          NORTH           OFFSHORE       TOTAL
                                                    AMERICA            SEA          WEST AFRICA
================================================================================================================
<S>                                                 <C>             <C>             <C>             <C>

Future cash inflows                                 $     71,069    $     30,269    $     9,921     $   111,259
Future production costs                                  (23,729)         (9,316)        (2,419)        (35,464)
Future development and asset retirement
  obligations                                             (7,938)         (4,021)          (621)        (12,580)
Future income taxes                                       (9,508)        (11,376)        (1,978)        (22,862)
----------------------------------------------------------------------------------------------------------------
Future net cash flows                                     29,894           5,556          4,903          40,353
10% annual discount for timing of future
  cash flows                                            (13,952)          (2,176)        (2,505)        (18,633)
----------------------------------------------------------------------------------------------------------------
Standardized measure of future net cash flows       $     15,942    $      3,380    $     2,398     $    21,720
================================================================================================================

                                                                             2006
----------------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)                             North          North         Offshore         Total
                                                         America            Sea        West Africa
================================================================================================================
Future cash inflows                                 $     63,368    $     20,815    $     7,779     $    91,962
Future production costs                                  (21,634)         (8,077)        (2,517)        (32,228)
Future development and asset retirement
  obligations                                             (7,029)         (4,348)          (824)        (12,201)
Future income taxes                                       (9,118)         (5,623)        (1,372)        (16,113)
----------------------------------------------------------------------------------------------------------------
Future net cash flows                                     25,587           2,767          3,066          31,420
10% annual discount for timing of future
   cash flows                                            (11,214)           (956)        (1,258)        (13,428)
----------------------------------------------------------------------------------------------------------------
Standardized measure of future net cash flows       $     14,373    $      1,811    $     1,808     $    17,992
================================================================================================================
</TABLE>

<PAGE>

<TABLE>
                                                                             2005
----------------------------------------------------------------------------------------------------------------
(millions of Canadian dollars)                        North          North              Offshore        Total
                                                    America            Sea             West Africa
================================================================================================================
<S>                                                 <C>             <C>             <C>             <C>
Future cash inflows                                 $     52,266    $     19,961    $     8,515     $    80,742
Future production costs                                  (17,310)         (6,130)        (1,803)        (25,243)
Future development and asset retirement
  obligations                                             (3,916)         (3,099)        (1,032)         (8,047)
Future income taxes                                      (10,272)         (6,631)        (2,092)        (18,995)
----------------------------------------------------------------------------------------------------------------
Future net cash flows                                     20,768           4,101          3,588          28,457
10% annual discount for timing of future
   cash flows                                             (7,793)         (1,144)        (1,068)        (10,005)
----------------------------------------------------------------------------------------------------------------
Standardized measure of future net cash flows       $     12,975    $      2,957    $     2,520     $    18,452
================================================================================================================
</TABLE>

The principal sources of change in the standardized measure of discounted future
net cash flows are summarized in the following table:

<TABLE>

(millions of Canadian dollars)                           2007              2006            2005
---------------------------------------------------------------------------------------------------------------
<S>                                                 <C>             <C>             <C>

Sales of crude oil and natural gas produced,
net of                                              $     (7,150)   $     (5,635)   $    (5,785)
  production costs
Net changes in sales prices and production costs           7,412          (2,420)        11,056
Extensions, discoveries and improved recovery              1,429           4,769          3,596
Changes in estimated future development costs               (169)         (1,885)          (971)
Purchases of proved reserves in place                         39           2,406            469
Sales of proved reserves in place                           (103)             (2)          (130)
Revisions of previous reserve estimates                    2,380              81            961
Accretion of discount                                      2,760           3,112          1,812
Changes in production timing and other                       508          (2,156)         1,414
Net change in income taxes                                (3,378)          1,270         (4,458)
---------------------------------------------------------------------------------------------------------------
Net change                                                 3,728            (460)         7,964
Balance - beginning of year                               17,992          18,452         10,488
---------------------------------------------------------------------------------------------------------------
Balance - end of year                               $     21,720    $     17,992    $    18,452
===============================================================================================================
</TABLE>