Petrofund Energy Trust, an oil and gas royalty trust, engages in the acquisition and management of petroleum and natural gas rights and royalties, and related property rights and interests primarily in western Canada. The company, through its wholly owned subsidiary, Petrofund Corp. (Petrofund), produces light and medium oil, natural gas, and natural gas liquids. Its properties are located in Alberta, British Columbia, Manitoba, and Saskatchewan. As of December 31, 2004, Petrofund had proved plus probable gross reserves of 86 MMbbls of oil, 283.7 bcf of natural gas, and 8.3 MMbbls of natural gas liquids, as well as owned undeveloped land totaling 547,829 gross acres and 231,120 net acres. The company was founded by John F. Driscoll in 1988 as NCE Petrofund I. It changed its name to NCE Petrofund in 1996 and to Petrofund Energy Trust in 2003. Petrofund Energy is headquartered in Calgary, Canada. Petrofund Energy Trust acquired Kaiser Energy, Ltd., a private Canadian company, in December 2005.
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