AET.UN 0
20.80
ARX 0
48.00

2002 Performance

2002 Performance Review

Financial Highlights ($CDN - 000's)
Revenue 444,835
Per Unit 3.72
Per boe n/a
Cash flow 223,969
Per unit 1.87
Per boe n/a
Net Income 67,893
Per unit 0.57
Net Debt Outstanding 347,795
Market Capitalization 1,504,684
Enterprise Value 1,852,479
Cash Distributions 183,617
Per unit 1.56
Cash withheld 40,352
Payout Ratio 82%
Total Return (Inception) 231.28%
Operating Highlights  
Production
Crude Oil (bbl/d) 20,655
Natural gas liquids(bbl/d) 3,479
% split 57%
Natural gas (mcf/d) 109,700
% split 43%
Total production (boe/d) 42,425
Average Prices ($CDN)
Crude oil ($bbl) 31.63
Natural gas ($mcf) 4.41
Natural gas liquids ($bbl) 24.01
Oil equivalent ($boe) 28.73
Netback ($boe)
Commodity & other revenue 28.73
Royalties (5.50)
Operating Costs (7.14)
Netback 16.78
Wells Drilled  
Oil Wells n/a
Natural Gas Wells n/a
Dry Holes n/a
Total n/a
% success n/a
Trust Unit Highlights (thousands)
Units outstanding 123,305
Exchangeable shares 3,139
Total outstanding 126,444
Weighted average units 119,613
Trust unit trading stats ($CDN)
High 13.44
Low 11.04
Close 11.90
Average daily volume 305,000
Reserves Highlights
Based on Company Interest
Proved Reserves  
Crude oil & NGL's (mbbl) 96,267
Natural gas (bcf) 356.2
Total oil equivalent (mboe) 155,634
Proved + Probable Reserves
Crude oil & NGL's (mbbl) 117,241
% split 63%
Natural gas (bcf) 408.8
& split 37%
Total oil equivalent (mboe) 185,371
Reserve Life Index 11.8
Expenditures ($CDN - 000's)
Capital expenditures 88,728
Net acquisitions 119,113
Total expenditures 207,391
FD&A Costs (per boe) 9.27
G&A expenses 15,365