|
|
2010 Guidance*
| Summary of 2010 Expectations |
Target |
Comments |
| Average Annual Production |
86,000 BOE/day |
|
| 2010 Annual Average Production Mix |
57% Natural Gas
5% NGLs
38% Crude Oil |
|
| Exit Rate 2010 Production |
88,000 BOE/day |
|
| 2010 Exit Production Mix |
55% Natural Gas
5% NGLs
40% Crude Oil
|
|
| Average Royalty Rate |
20% |
Percentage of gross sales, net of transportation costs |
| Operating Costs |
$10.90/BOE |
|
| G&A Costs |
$2.45/BOE |
Includes non-cash charges of $0.20/BOE |
| Development Capital Spending |
$425 Million |
We will review our 2010 capital investment plans regularly throughout the year in the context of prevailing economic conditions and potential acquisitions and made adjustments as deemed necessary.
|
* Does not include any further potential acquisitions or divestments.
Sensitivity Table
October 28, 2009
| Sensitivity Table |
Estimated Effect on
2009 Cash Flow per
Trust Unit (1) |
| Change of $0.50 per Mcf in the price of AECO natural gas |
$0.04 |
| Change of US$5.00 per barrel in the price of WTI crude oil |
$0.06 |
| Change of 1,000 BOE/day in production |
$0.03 |
| Change of $0.01 in the US$/CDN$ exchange rate |
$0.02 |
| Change of 1% in interest rate |
$0.00 |
(1) Assumes constant working capital and 176,941,000 units outstanding
The sensitivities above reflect the impact on cash flow per trust unit for the remaining quarter of 2009 and include the commodity contracts described in note 9 of our Q3 2009 interim report, as well as the impact of 2009 forward market prices as at October 28, 2009. To the extent the market price of crude oil and natural gas change significantly from the October 28, 2009 levels, the sensitivities will no longer be relevant as the effect of our commodity contracts will change.
|
