The Manager

Our assets and operations are managed by a subsidiary of Rife Resources Ltd. Rife also manages the operations of Canpar Holdings Ltd. (a private royalty company). Both Rife and Canpar are owned by the CN Pension Trust Funds (the pension fund for employees of the Canadian National Railway Company). The CN Pension Trust Funds also own approximately 21% of Freehold's common shares.

Combined, Rife manages 10.5 million gross acres of land, including interests in over 44,000 oil and gas wells, combined production of approximately 20,000 boe/d, and total reserves of approximately 60 million boe.