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48.00

1996 Performance

1996 Performance Review

Financial Highlights ($CDN - 000's)
Revenue 31,908
Per Unit 1.77
Per boe n/a
Cash flow 18,315
Per unit 1.02
Per boe n/a
Net Income 7,108
Per unit 0.39
Net Debt Outstanding 37,998
Market Capitalization 220,500
Enterprise Value 258,498
Cash Distributions 14,580
Per unit 0.81
Cash withheld 3,735
Payout Ratio 80%
Total Return (Inception) 31.07%
Operating Highlights  
Production
Crude Oil (bbl/d) 2,922
Natural gas liquids(bbl/d) 1,732
% split 49%
Natural gas (mcf/d) 29,400
% split 51%
Total production (boe/d) 9,566
Average Prices ($CDN)
Crude oil ($bbl) 29.76
Natural gas ($mcf) 1.61
Natural gas liquids ($bbl) 20.31
Oil equivalent ($boe) 22.31
Netback ($boe)
Commodity & other revenue 18.13
Royalties (2.87)
Operating Costs (3.57)
Netback 11.69
Wells Drilled  
Oil Wells n/a
Natural Gas Wells n/a
Dry Holes n/a
Total n/a
% success n/a
Trust Unit Highlights (thousands)
Units outstanding 18,000
Exchangeable shares n/a
Total outstanding 18,000
Weighted average units 18,000
Trust unit trading stats ($CDN)
High 12.85
Low 9.90
Close 12.25
Average daily volume 98,000
Reserves Highlights
Based on Company Interest
Proved Reserves  
Crude oil & NGL's (mbbl) 18,416
Natural gas (bcf) 100.5
Total oil equivalent (mboe) 35,166
Proved + Probable Reserves
Crude oil & NGL's (mbbl) 22,514
% split 65%
Natural gas (bcf) 112.0
& split 35%
Total oil equivalent (mboe) 41,180
Reserve Life Index 12.3
Expenditures ($CDN - 000's)
Capital expenditures 1,202
Net acquisitions 206.231
Total expenditures 207.433
FD&A Costs (per boe) 4.83
G&A expenses 652