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1999 Performance

1999 Performance Review

Financial Highlights ($CDN - 000's)
Revenue 155,191
Per Unit 3.34
Per boe n/a
Cash flow 80,814
Per unit 1.74
Per boe n/a
Net Income 29,835
Per unit 0.64
Net Debt Outstanding 125,239
Market Capitalization 469,061
Enterprise Value 594,300
Cash Distributions 63,773
Per unit 1.35
Cash withheld 17,041
Payout Ratio 79%
Total Return (Inception) 43.31%
Operating Highlights  
Production
Crude Oil (bbl/d) 8,408
Natural gas liquids(bbl/d) 2,687
% split 50%
Natural gas (mcf/d) 66,500
% split 50%
Total production (boe/d) 22,092
Average Prices ($CDN)
Crude oil ($bbl) 24.85
Natural gas ($mcf) 2.54
Natural gas liquids ($bbl) 19.15
Oil equivalent ($boe) 23.97
Netback ($boe)
Commodity & other revenue 19.18
Royalties (2.92)
Operating Costs (4.42)
Netback 11.84
Wells Drilled  
Oil Wells n/a
Natural Gas Wells n/a
Dry Holes n/a
Total n/a
% success n/a
Trust Unit Highlights (thousands)
Units outstanding 53,607
Exchangeable shares n/a
Total outstanding 53,607
Weighted average units 46,480
Trust unit trading stats ($CDN)
High 9.25
Low 6.15
Close 8.75
Average daily volume 68,000
Reserves Highlights
Based on Company Interest
Proved Reserves  
Crude oil & NGL's (mbbl) 48,158
Natural gas (bcf) 203.9
Total oil equivalent (mboe) 82,141
Proved + Probable Reserves
Crude oil & NGL's (mbbl) 59,712
% split 71%
Natural gas (bcf) 241.0
& split 29%
Total oil equivalent (mboe) 99,879
Reserve Life Index 12.0
Expenditures ($CDN - 000's)
Capital expenditures 24,249
Net acquisitions 231,482
Total expenditures 255,731
FD&A Costs (per boe) 4.86
G&A expenses 4,381