Historical Review
| Years Ended December 31, | 2011 |
2010 |
2009 |
2008 |
2007 |
||
| Financial | |||||||
(000s, except per share amounts) (unaudited) |
($) |
($) |
($) |
($) |
($) |
||
| Commodity revenues(1) | 186,872 |
119,355 |
79,998 |
127,885 |
55,683 |
||
| Funds from operations(2) | 95,686 |
58,615 |
40,154 |
69,801 |
29,663 |
||
| Per share – basic | 1.32 |
0.93 |
0.92 |
1.91 |
0.91 |
||
| Net income (loss) | (10,771) |
(25,283) |
(3,032) |
26,372 |
9,650 |
||
| Per share – basic | (0.15) |
(0.40) |
(0.07) |
0.72 |
0.30 |
||
| Capital expenditures(3) | 162,228 |
351,451 |
64,575 |
79,866 |
59,110 |
||
| Total assets | 595,691 |
534,613 |
246,465 |
186,985 |
134,371 |
||
| Net debt (working capital)(4) | 216,492 |
152,378 |
(38,255) |
8,960 |
31,819 |
||
| Shareholders' equity | 318,711 |
316,176 |
212,201 |
143,057 |
82,461 |
||
| Common Share Data | |||||||
| Common shares outstanding (000s) | |||||||
| At December 31 | 72,838 |
71,969 |
54,481 |
39,297 |
34,523 |
||
| Weighted average – basic | 72,525 |
63,224 |
43,748 |
36,576 |
32,626 |
||
| Share trading | |||||||
| High ($) | 10.54 |
9.20 |
6.72 |
8.52 |
– |
||
| Low ($) | 5.27 |
6.71 |
3.18 |
3.25 |
– |
||
| Close ($) | 6.35 |
8.30 |
6.72 |
3.60 |
– |
||
| Volume (000s) | 90,560 |
65,513 |
21,405 |
14,796 |
– |
||
| Operating | |||||||
| Sales | |||||||
| Natural gas (mcf/d) | 46,522 |
34,248 |
26,334 |
23,336 |
11,688 |
||
| NGLs (bbls/d) | 3,311 |
2,086 |
2,264 |
2,020 |
1,015 |
||
| Light crude oil (bbls/d) | 2,098 |
1,449 |
875 |
676 |
371 |
||
| Total oil equivalent (boe/d) | 13,163 |
9,243 |
7,528 |
6,586 |
3,334 |
||
| Average wellhead prices(1) | |||||||
| Natural gas ($ per mcf) | 3.83 |
4.18 |
4.06 |
8.39 |
6.84 |
||
| NGLs ($ per bbl) | 36.85 |
31.96 |
23.68 |
41.06 |
38.97 |
||
| Light crude oil ($ per bbl) | 96.93 |
78.09 |
66.82 |
111.12 |
79.64 |
||
| Combined average ($ per boe) | 38.26 |
34.94 |
29.11 |
53.72 |
44.72 |
||
| Reserves | |||||||
| Proved (mboe) | 38,143 |
31,900 |
12,309 |
11,462 |
9,194 |
||
| Proved plus probable (mboe) | 73,810 |
59,696 |
20,033 |
15,935 |
13,638 |
||
| Total net present value – proved plus probable (10% discount) ($000s) | 728,531 |
749,296 |
276,847 |
272,614 |
222,744 |
||
| Wells drilled (gross) | |||||||
| Natural gas | 18 |
19 |
9 |
14 |
12 |
||
| Oil | 12 |
18 |
– |
4 |
2 |
||
| Dry and abandoned | 3 |
3 |
4 |
6 |
5 |
||
| Total | 33 |
40 |
13 |
24 |
19 |
||
|
(1) Amounts for 2012 were restated for the ffects of adopting IFRS. Amounts presented for prior years were calculated in accordance with Canadian GAAP and were not restated (2) Funds from operations and funds from operations per share are not recognized measures under IFRS or previouse Canadian GAAP. Refer to "Basis of Presentation" in the Management’s Discussion and Analysis for further discussion. (3) Total capital expenditures, including acquisitions. (4) Current assets less current liabilities, bank debt and convertible debentures, excluding derivative instruments.. (5) For a description of the boe conversion ratio, refer to "Boe Conversions" in the Management’s Discussion and Analysis. |
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