68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
68. RETAILTexasmarketingpresentationFINAL.pdf - Enerplus
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2011 Guidance<br />
Summary of 2011 Expectations Target Comments<br />
Average annual production<br />
78,000 - 80,000 BOE/day<br />
Exit rate 2011 production 80,000 - 84,000 BOE/day Assumes $650 million development<br />
capital spending<br />
2011 production mix 53% gas, 47% liquids<br />
Average royalty rate 20% Percentage of gross sales (net of<br />
transportation costs)<br />
Operating costs<br />
$9.20/BOE<br />
G&A costs $3.30/BOE Includes non-cash charges of<br />
$0.30/BOE (stock option plan) and<br />
$0.20/BOE impact of the new IFRS<br />
rules<br />
Average interest and financing costs 6% Based on current fixed rate contracts<br />
and forward interest rates<br />
Development capital spending $650 million Within the context of current commodity<br />
prices<br />
Marcellus carry commitment spending $116 million Will be reported as a property<br />
acquisition<br />
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