Historical Review
| Years Ended December 31 | 2010 |
2009 |
2008 |
2007 |
2006 |
||
| Financial | |||||||
(000s, except per share amounts) (unaudited) |
($) |
($) |
($) |
($) |
($) |
||
| Commodity revenues(1) | 121,468 |
79,998 |
127,885 |
55,683 |
19,621 |
||
| Funds from operations(2) | 62,003 |
40,154 |
69,801 |
29,663 |
7,985 |
||
| Per share – basic | 0.98 |
0.92 |
1.91 |
0.91 |
0.28 |
||
| Net income (loss) | (5,098) |
(3,032) |
26,372 |
9,650 |
1,543 |
||
| Per share – basic | (0.08) |
(0.07) |
0.72 |
0.30 |
0.05 |
||
| Capital expenditures(3) | 355,071 |
64,575 |
79,866 |
59,110 |
57,821 |
||
| Total assets | 558,969 |
246,465 |
186,985 |
134,371 |
87,072 |
||
| Net debt (working capital)(4) | 152,378 |
(38,255) |
8,960 |
31,819 |
10,772 |
||
| Shareholders' equity | 343,167 |
212,201 |
143,057 |
82,461 |
65,344 |
||
| Common Share Data | |||||||
| Common shares outstanding (000s) | |||||||
| At December 31 | 71,969 |
54,481 |
39,297 |
34,523 |
32,498 |
||
| Weighted average – basic | 63,224 |
43,748 |
36,576 |
32,626 |
28,617 |
||
| Share trading | |||||||
| High ($) | 8.90 |
6.72 |
8.52 |
– |
– |
||
| Low ($) | 6.77 |
3.18 |
3.25 |
– |
– |
||
| Close ($) | 8.30 |
6.72 |
3.60 |
– |
– |
||
| Volume (000s) | 65,513 |
21,405 |
14,796 |
– |
– |
||
| Operating | |||||||
| Sales | |||||||
| Natural gas (mcf/d) | 34,248 |
26,334 |
23,336 |
11,688 |
3,975 |
||
| NGLs (bbls/d) | 2,892 |
2,995 |
2,650 |
1,372 |
612 |
||
| Light crude oil (bbls/d) | 643 |
144 |
46 |
14 |
7 |
||
| Total oil equivalent (boe/d) | 9,243 |
7,528 |
6,586 |
3,334 |
1,281 |
||
| Average wellhead prices(1) | |||||||
| Natural gas ($ per mcf) | 4.47 |
4.06 |
8.20 |
7.14 |
6.80 |
||
| NGLs ($ per bbl) | 45.42 |
34.46 |
58.15 |
49.52 |
42.90 |
||
| Light crude oil ($ per bbl) | 75.39 | 61.74 |
86.40 |
80.74 |
66.00 |
||
| Combined average ($ per boe) | 36.00 |
29.11 |
53.06 |
45.76 |
41.95 |
||
| Reserves | |||||||
| Proved (mboe) | 31,900 |
12,309 |
11,462 |
9,194 |
6,203 |
||
| Proved plus probable (mboe) | 59,696 |
20,033 |
15,935 |
13,638 |
12,396 |
||
| Total net present value – proved plus probable (10% discount) ($000s) | 749,296 |
276,847 |
272,614 |
222,744 |
146,300 |
||
| Wells drilled (gross) | |||||||
| Natural gas | 19 |
9 |
14 |
12 |
16 |
||
| Oil | 18 |
– |
4 |
2 |
– |
||
| Dry and abandoned | 3 |
4 |
6 |
5 |
6 |
||
| Total | 40 |
13 |
24 |
19 |
22 |
||
|
(1) Revenue and product prices include realized gains or losses from derivative instruments. (2) Funds from operations and funds from operations per share are not recognized measures under Canadian GAAP. Refer to the Management’s Discussion and Analysis for further discussion. (3) Total capital expenditures, including acquisitions. (4) Current assets less current liabilities and bank debt, excluding derivative instruments and the related tax effect. (5) For a description of the boe conversion ratio, refer to the commentary at the end of the Management’s Discussion and Analysis. |
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