Hank R. Spence

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. It is one of North America's largest energy trusts with operations are geographically focuses in Alberta, Saskatchewan and North Eastern British Columbia and possess a high level of company operated properties allowing for timely and low cost production additions. Bonavista Energy Trust is an open-ended unincorporated investment trust governed by the laws of the Province of Alberta. The Trust was founded by Michael M. Kanovsky on May 22, 2003 and is headquartered in Alberta, Canada.