| Country |
Operations |
Royalties |
Operating
Netback
Nine months ended Sept 30/08
(EST) ($CDN) |
| Australia |
Offshore
Wandoo platform. Facilities debottlenecking.
Satellite and development drilling operations. |
PRRT
40% - reduced by capital and operating expenditures |
Price
Royalties
Operating Costs
Netback (1)
|
$120.00
(34.99)
(14.17)
$70.84 |
| Canada |
Short
development timeline
Access to personnel & technology |
Royalty,
provincial - based on production & price |
Price
Royalties
Transportation
Operating Costs
Netback (1) |
$72.11
(14.14)
(1.18)
(10.34)
$46.45 |
| France |
Under-drilled
Significant upside in pool extensions and secondary recovery |
Royalty–$3/bbl plus 4%, scaled to a 12% maximum on
production >6,000/barrels/day/pool |
Price*
Royalties
Transportation
Operating Costs
Netback (1) |
$108.94
(6.28)
(5.54)
(10.08)
$87.04 |
| Netherlands |
Low
decline natural gas production
Optimization opportunities
Development drilling potential |
Royalty
free
|
Price
Operating Costs
Netback (1) |
$65.04
(12.18)
$52.86
|
| (1)
Before Hedging |
| *
Brent Based Pricing |
