EX-99 2 ex99-1form6k_010708.htm EXHIBIT 99.1

 

                                                                                                                                                                                               

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM T-1

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

CHECK IF AN APPLICATION TO DETERMINE

ELIGIBILITY OF A TRUSTEE PURSUANT TO

SECTION 305 (B) (2)  

 

THE BANK OF NOVA SCOTIA TRUST COMPANY OF NEW YORK

(Exact name of trustee as specified in its charter)

 

 

New York

13-5691211

 

 

(Jurisdiction of incorporation or organization

( I.R.S. employer

 

 

if not a U.S. national bank)

Identification number)

 

 

One Liberty Plaza

 

 

New York, N.Y.

10006

 

 

(Address of principal

( Zip code)

 

executive office)

 

 

  N/A  

Name, address and telephone number of agent for service

 

CANADIAN NATURAL RESOURCES LIMITED

(Exact name of obligor as specified in its charter)

 

Canada

(State or other jurisdiction of incorporation or organization)

N/A

(I.R.S. employer identification no.)

855 – 2 Street SW

Suite 2500

Calgary, AB, Canada        T2P 4J8

(Address of principal executive offices) (Postal Code)

 

DEBT SECURITIES

(Title of the indenture securities)

 



 

 

 

-2-

 

Item 1.

General Information

 

 

Furnish the following information as to the trustee:

 

 

(a) Name and address of each examining or supervising authority to which it is subject.

 

Board of Governors of the Federal Reserve System

 

 

Washington, D.C.

 

 

 

State of New York Banking Department

 

State House, Albany, N.Y.

 

 

 

(b) Whether it is authorized to exercise corporate trust powers.

 

 

The Trustee is authorized to exercise corporate trust powers.

 

Item 2.

Affiliation with the Obligor.

 

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

The obligor is not an affiliate of the Trustee.

 

 

Item 3 through Item 15. Not applicable.

 

 

Item 16.

List of Exhibits.

 

 

List below all exhibits filed as part of this statement of eligibility.

 

 

Exhibit 1

- Copy of the Organization Certificate of the Trustee as now in effect.

 

  (Exhibit 1 to T-1 to Registration Statement No. 333-6688).

 

 

 

Exhibit 2    - Copy of the Certificate of Authority of the Trustee to commerce business.

 

  (Exhibit 2 to T-1 to Registration Statement No. 333-6688).

 

 

 

Exhibit 3    - None; authorization to exercise corporate trust powers is contained in

 

  the documents identified above as Exhibit 1 and 2.

 

 

 

Exhibit 4    - Copy of the existing By-Laws of the Trustee. (Exhibit 4 to T-1 to

 

    Registration Statement No. 333-6688).

 

 

 

Exhibit 5    - Not applicable.

 

 

Exhibit 6    - The consent of the Trustee required by Section 321 (b) of the Trust

 

  Indenture Act of 1939.(Exhibit 6 to T-1 to Registration Statement

 

 

  No. 333-27685).

 

 

 

Exhibit 7    - Copy of the latest Report of Condition of the Trustee

as of June 30, 2007

 

 

 

 

 

 



 

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, The Bank of Nova Scotia Trust Company of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, and State of New York, on the 7th day of January, 2008.

 

 

THE BANK OF NOVA SCOTIA TRUST

COMPANY OF NEW YORK

 

 

 

By:/S/ John F. Neylan

 

John F. Neylan

 

 

Trust Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

The Bank of Nova Scotia Trust Company of New York            

Legal Title of Bank

 

New York                                                                                                      

City

 

New York             10006                                                                             

State

Zip Code

 

FDIC Certificate Number /_/_/_/_/_/

 

Consolidated Report of Condition for Insured Commercial

and State-Chartered Savings Banks for June 30, 2007

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

 

SCHEDULE RC-BALANCE SHEET

 

Dollar Amounts in Thousands

RCON

Bil

Mil

Thou

 

ASSETS

 

 

 

 

 

1.    Cash and balances due from depository institutions (from Schedule RC-A):

 

 

 

 

 

a.    Noninterest-bearing balances and currency and coin(1)

0081

 

 

678

1.a.

b.    Interest-bearing balances(2)

0071

 

6

000

1.b.

2.    Securities:

 

 

 

 

 

a.    Held-to-maturity securities (from Schedule RC-B, column A)

1754

 

6

987

2.a.

b.    Available-for-sale securities (from Schedule RC-B, column D)

 

1773

 

 

 

0

 

2.b.

3.    Federal funds sold and securities purchased under agreement to resell

1350

 

 

 

 

a.    Federal Funds sold

B987

 

 

 

3.a.

b.    Securities purchased under agreements to resell(3)

B989

 

1

000

3.b.

4.    Loans and lease financing receivable (from Schedule RC-C):

 

 

 

 

 

a.    Loans and leases held for sale

5369

 

 

0

4.a.

b.    Loans and leases, net of unearned income

B528

 

 

 

 

4.b.

c.    LESS: Allowance for loan and lease losses

3123

 

 

 

 

4.c.

d.    Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

B529

 

 

0

4.d.

5.    Trading assets (from Schedule RC-D)

3545

 

 

0

5.

6.    Premises and fixed assets (including capitalized leases)

2145

 

 

0

6.

7.    Other real estate owned (from Schedule RC-M)

2150

 

 

0

7.

8.    Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)

2130

 

 

0

8.

9.    Customers' liability to this bank on acceptances outstanding

2155

 

 

0

9.

10. Intangible assets:

 

 

 

 

 

a.    Goodwill

3163

 

 

0

10.a.

b.    Other intangible assets (from Schedule RC-M)

0426

 

 

0

10.b.

11. Other assets (from Schedule RC-F)

2160

 

 

409

11.

12.  Total assets (sum of items 1 through 11)

2170

 

15

074

12.

_____

(1) Includes cash items in process of collection and unposted debits.

(2) Includes time certificates of deposit not held for trading.

(3) Includes all securities resale agreements, regardless of maturity.

 

 




SCHEDULE RC-CONTINUED

 

 

Dollar Amounts in Thousands

RCON

Bil

Mil

Thou

 

LIABILITIES

 

 

 

 

 

13. Deposits:

 

 

 

 

 

a.    In domestic offices (sum of totals of columns A and C from Schedule RC-E)

2200

 

 

0

13.a.

(1)  Noninterest-bearing(l)

 

6631

 

 

 

 

 

13.a.(1)

(2)  Interest-bearing

6636

 

 

 

 

 

13.a.(2)

b.    Not applicable

 

 

 

 

 

14. Federal funds purchased and securities sold under agreements to repurchase

2800

 

 

0

14.

a.    Federal Funds purchased(2)

B993

 

 

0

14.a.

b.    Securities sold under agreements to purchase(3)

B995

 

 

0

14.b.

15.  Trading liabilities (from Schedule RC-D)

3548

 

 

0

15.

16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)(from Schedule RC-M)

3190

 

 

0

16.

17. and 18. Not applicable

 

 

 

 

 

19. Subordinated notes and debentures(4)

3200

 

 

0

19.

20. Other liabilities (from Schedule RC-G)

2930

 

 

595

20.

21.  Total liabilities (sum of items 13 through 20)

2948

 

 

595

21.

22.  Minority interest in consolidated subsidiaries

3000

 

 

0

22.

EQUITY CAPITAL

 

 

 

 

 

23. Perpetual preferred stock and related surplus

3838

 

 

0

23.

24. Common stock

3230

 

1

000

24.

25. Surplus (exclude all surplus related to preferred stock)

3839

 

10

030

25.

26.  a.    Retained earnings

3632

 

3

449

26.a.

b.    Accumulated other comprehensive income(5)

B530

 

 

0

26.b.

27. Other equity capital components(6)

A130

 

 

0

27.

28.  Total equity capital (sum of items 23 through 27)

3210

 

14

479

28.

29.  Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)

3300

 

15

074

29.

 

Memorandum

To be reported with the March Report of Condition.

 

RCON

Number

1.    Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed far the bank by independent external auditors as of any date during 2006

6724

M.1.

 

 

 

 

1 =

Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank

2 =

Independent audit of the bank's parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)

3 =

Attestation on bank management's assertion on the effectiveness of the bank's internal control over financial reporting by a certified public accounting firm

4 =

Directors' examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)

5 =

Directors' examination of the bank performed by other external auditors (may be required by state

 



 

chartering authority)

6 =

Review of the bank's financial statements by external auditors

7 =

Compilation of the bank's financial statements by external auditors

8 =

Other audit procedures (excluding tax preparation work)

9 =

No external audit work

___________

(1)

Includes total demand deposits and noninterest-bearing time and savings deposits.

(2)

Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”

(3)

Includes all securities repurchase agreements, regardless of maturity.

(4)

Includes limited-life preferred stock and related surplus.

(5)

Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and minimum pension liability adjustments.

(6)

Includes treasury stock and unearned Employee Stock Ownership Plans