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1997 Performance

1997 Performance Review

Financial Highlights ($CDN - 000's)
Revenue 74,103
Per Unit 3.24
Per boe n/a
Cash flow 37,757
Per unit 1.65
Per boe n/a
Net Income 9,165
Per unit 0.40
Net Debt Outstanding 61,308
Market Capitalization 267,562
Enterprise Value 328,870
Cash Distributions 33,242
Per unit 1.40
Cash withheld 4,515
Payout Ratio 88%
Total Return (Inception) 26.14%
Operating Highlights  
Production
Crude Oil (bbl/d) 3,656
Natural gas liquids(bbl/d) 1,929
% split 47%
Natural gas (mcf/d) 38,400
% split 53%
Total production (boe/d) 11,976
Average Prices ($CDN)
Crude oil ($bbl) 26.35
Natural gas ($mcf) 1.82
Natural gas liquids ($bbl) 18.27
Oil equivalent ($boe) 21.54
Netback ($boe)
Commodity & other revenue 16.94
Royalties (2.80)
Operating Costs (4.06)
Netback 10.08
Wells Drilled  
Oil Wells n/a
Natural Gas Wells n/a
Dry Holes n/a
Total n/a
% success n/a
Trust Unit Highlights (thousands)
Units outstanding 25,604
Exchangeable shares n/a
Total outstanding 25,604
Weighted average units 22,837
Trust unit trading stats ($CDN)
High 13.00
Low 10.15
Close 10.45
Average daily volume 55,000
Reserves Highlights
Based on Company Interest
Proved Reserves  
Crude oil & NGL's (mbbl) 25,904
Natural gas (bcf) 127.7
Total oil equivalent (mboe) 47,187
Proved + Probable Reserves
Crude oil & NGL's (mbbl) 32,373
% split 57%
Natural gas (bcf) 148.2
& split 43%
Total oil equivalent (mboe) 57,073
Reserve Life Index 13.0
Expenditures ($CDN - 000's)
Capital expenditures 8,755
Net acquisitions 93,962
Total expenditures 102,717
FD&A Costs (per boe) 5.07
G&A expenses 2,735