ARC Capital Budget

2010 -- Continued Expansion of Montney Assets

-- ARC’s board of directors has approved a $575 million capital program for 2010 encompassing considerable growth;
-- The program will include over $250 million slated for the first of many stages of production growth and continued expansion of the Montney assets in Northeast British Columbia with the remainder focused on ARC base development areas, exploration opportunities and enhanced oil recovery projects;
-- ARC plans to drill 203 gross wells on operated properties and plans to participate in an additional 91 wells on partner operated properties;
-- The Trust plans to finance the 2010 capital program through a combination of cash flow, existing credit facilities, DRIP proceeds and potential minor assets disposition proceeds;
-- Additional details can be found in a PDF version of the budget release below...

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These documents are Adobe Acrobat PDF (Portable Document Format) files. If you do not have the Adobe Acrobat Reader, you may click here to download it for free. ARC Energy Trust's reports can also be accessed through SEDAR.

Capital Budget 2010 (54KB)