New blurb from MD&A Title to Assets
It is the practice of the Corporation when acquiring significant oil and natural gas leases or interests in oil and natural gas leases to examine the title to the interest under the lease. In the case of minor acquisitions the Corporation may rely upon the judgment of oil and natural gas lease brokers or landmen who perform the field work in examining records in the appropriate governmental office before attempting to place under lease a specific interest. The Corporation believes that this practice is widely followed in the oil and natural gas industry. Nevertheless, there may be title defects which affect lands comprising a portion of the Corporation's properties which may adversely affect the Corporation.