NAL Resources manages approximately 47,000 (29,000 net to the Corporation) boe per day and operates 90 percent of this production on behalf of NAL Energy Corporation and a subsidiary of Manulife Financial Corporation, a major Canadian financial institution. Their core areas include southeastern Saskatchewan, central Alberta and northeastern British Columbia. The Corporation is a public entity traded on the Toronto Stock Exchange as NAE, and was created in 1996 from assets that were previously owned by a number of insurance companies including North American Life. The Corporation's objective is to achieve stable and sustainable dividends and above average rates of return to shareholders by applying professional capabilities in all core areas.