AET.UN 0
20.80
ARX 0
48.00

2005 Performance

2005 Performance Review

Financial Highlights ($CDN - 000's)
Revenue 1,165,197
Per Unit 6.10
Per boe 56.75
Cash flow 639,511
Per unit 3.35
Per boe 31.15
Net Income 356,935
Per unit 1.21
Net Debt Outstanding 578,086
Market Capitalization 5,352,013
Enterprise Value 5,930,099
Cash Distributions 376,566
Per unit 1.99
Cash withheld 262,945
Payout Ratio 59%
Total Return (Inception) 929.41%
Operating Highlights  
Production
Crude Oil (bbl/d) 23,282
Natural gas liquids(bbl/d 4,005
% split 49%
Natural gas (mmcf/d) 173,800
% split 51%
Total production (boe/d) 56,254
Average Prices ($CDN)
Crude oil ($bbl) 61.11
Natural gas ($mcf) 8.96
Natural gas liquids ($bbl) 49.92
Oil equivalent ($boe) 56.75
Netback ($boe)
Commodity & other revenue 56.75
Royalties (11.46)
Operating Costs (7.63)
Netback 37.66
Wells Drilled  
Oil Wells 68
Natural Gas Wells 180
Dry Holes 2
Total 250
% success 99%
Trust Unit Highlights (thousands)
Units outstanding 185,822
Exchangeable shares 2,982
Total outstanding 188,804
Weighted average units 183,123
Trust unit trading stats ($CDN)
High 17.98
Low 13.50
Close 17.90
Average daily volume 420,000
Reserves Highlights
Based on Company Interest
Proved Reserves  
Crude oil & NGL's (mbbl) 129,745
Natural gas (bcf) 595.7
Total oil equivalent (mboe) 229,033
Proved + Probable Reserves
Crude oil & NGL's (mbbl) 163,385
% split 57%
Natural gas (bcf) 741.7
& split 43%
Total oil equivalent (mboe) 286,997
Reserve Life Index 12.9
Expenditures ($CDN - 000's)
Capital expenditures 268,834
Net acquisitions 598,270
Total expenditures 867,104
FD&A Costs (per boe) 13.64
G&A expenses 35,044