Avner Oil - Annual Report 2011 - Delek Energy Systems

(4) Production dataThe following table presents production data for the Mary-B field:Total output (attributable to the Partnership's share) inthe period (MMcf)Average price per production unit (attributable to thePartnership) (USD thousands per MMcf)Average royalties (each paymentderived from the output of the producingasset, including from the gross incomefrom the oil asset) paid per productionunit (attributable to the Partnership'sshare) (USD thousands per MMcf)The StateThird partiesAverage production costs per production unit(attributable to the Partnership's share) (USD thousandsper MMcf)Average production costs per production unit(attributable to the Partnership's share) (USD thousandsper MMcf)2011 2010 200935,2674.711.53 1.3,1.03 1.0115,,05 19,03,,.19 9.,70.39Stakeholders 1.00 1.1, 0.400.223.71.16 1.1909.00 1.58Oil and gas profits levy: 0.27 - -Average net intake per production unit after oil and gasprofits tax (attributable to the Partnership's share) (inUSD thousands for MMcf)3.43Depletion rate in the reporting period in relation to the42.8overall quantity of gas in the reservoir (%) 349.00 1.5819 05.8(5) Opinion of the appraiserThe reserves report prepared by NSAI at December 31, 2011 is attached to this reportas Appendix A and includes the consent of NSAI to attach them to this report.(6) Management declaration(7) Declaration date: March 28, 2012(8) Name of reporting corporation: Avner Oil Exploration(9) Name of officer for assessment of the resources: Gideon Tadmor(10) We hereby confirm that the assessor received all the relevant information required toperform the work.(11) We hereby confirm that nothing came to our attention that indicates any dependencebetween the assessor and the Partnership.(12) We hereby confirm that the preparation of the resource assessment and thedisclosure therein are our responsibility.(13) We hereby confirm that to the best of our knowledge, the resources assessed by theassessor are the most relevant, accurate and updated estimates available to us.(14) We hereby confirm that no change has been made to the identity of the assessorpreparing the reserves report or the most recent contingent resources report issued bythe Partnership.(15) We agree to include this statement in this report.Gideon Tadmor34The depletion rate is the annual percentage of gas produced out of the proved and probable reserves at thebeginning of that year.A-32