| Country |
Operations |
Royalties |
Operating
Netback
3 months ended Mar 31/08
(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)
|
$100.37
(30.42)
(12.90)
$57.05 |
| Canada |
Short
development timeline
Access to personnel & technology |
Royalty,
provincial - based on production & price |
Price
Royalties
Transportation
Operating Costs
Netback (1) |
$62.46
(12.49)
(1.04)
(10.91)
$38.02 |
| 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) |
$88.61
(5.43)
(6.55)
(9.94)
$66.69 |
| Netherlands |
Low
decline natural gas production
Optimization opportunities
Development drilling potential |
Royalty
free
|
Price
Operating Costs
Netback (1) |
$58.79
(11.19)
$47.60
|
| (1)
Before Hedging |
| *
Brent Based Pricing |
