Avner Oil - Annual Report 2011 - Delek Energy Systems

Total discounted cash flow from proved reserves at December 31, 2011 (in USD thousands for the Partnership's share)Cash flow itemstoSalesquantity(BCM)(100% ofthe oilasset)RevenuesRoyaltiespayableRoyaltiesreceivedOperatingcostsDevelopment costsAbandonment andrestorationcostsTotal cashflow beforelevy andincome tax(discountedat 0%)LevyTaxesIncometaxDiscountedat 0%Total discounted cash flow after taxDiscountedat 5%Discountedat 10%Discountedat 15%Discounted at 20%Dec. 31, 2012 0.00 - - - 1,797 212,012 - (213,809) - - (213,809) (208,656) (203,859) (199,378) (195,180)Dec. 31, 2013 5.32 171,727 6,,0,6 - 13,759 50,090 - 11,313 - - 11,313 16,166 21,,06 23,66, 6,,261Dec. 31, 2014 7.50 253,777 03,611 - 15,155 34,826 - 021,611 - 6,,166 031,016 006,616 016,160 ,6,112 16,161Dec. 31, 2015 10.77 377,344 20,101 - 15,298 26,389 - 611,101 - 61,1,, 600,,0, 011,211 060,131 06,,,60 000,,2,Dec. 31, 2016 11.11 395,131 21,126 - 16,175 - - 300,1,0 - 26,323 601,161 0,,,2,1 020,,1, 036,203 01,,0,,Dec. 31, 2017 11.46 415,019 10,610 - 23,305 - - 361,033 - 20,2,1 666,136 0,6,602 060,010 001,620 ,3,10,Dec. 31, 2018 11.84 441,957 16,,11 - 16,381 18,750 - 331,,01 ,6,201 03,006 0,0,112 03,,131 013,610 11,361 61,223Dec.31, 2019 11.84 455,551 11,606 - 15,600 18,750 - 306,,6, 001,116 31,311 062,2,1 011,211 12,221 60,,36 3,,,60Dec.31, 2020 11.84 469,566 11,261 - 16,381 - - 316,632 02,,611 01,036 060,163 016,626 21,126 01,0,2 36,111Dec. 31, 2021 11.84 476,628 10,126 - 15,600 - - 31,,026 016,6,2 0,,131 061,636 ,,,1,, 23,111 00,161 61,110Dec. 31, 2022 11.84 483,464 13,131 - 24,194 - - 312,630 010,626 01,231 062,330 ,3,226 61,02, 32,136 63,10,Dec. 31, 2023 11.84 490,464 10,63, - 15,600 - - 3,1,266 011,103 66,661 021,623 ,0,206 63,261 36,016 0,,161Dec. 31, 2024 11.84 497,789 16,0,1 - 16,381 - - 3,6,,00 011,60, 63,010 026,606 11,306 0,,310 61,360 02,23,Dec. 31, 2025 11.84 505,617 12,100 - 15,600 - - 013,012 013,662 60,011 026,011 16,203 06,113 66,111 00,00,Dec. 31, 2026 11.84 513,546 11,613 - 16,381 - - 011,,26 012,06, 60,,61 021,100 16,131 06,006 66,061 00,,30Dec.31, 2027 11.84 521,497 1,,62, - 23,412 - - 011,602 016,,62 60,1,1 021,226 11,116 31,62, 0,,600 ,,,30Dec.31, 2028 11.84 530,255 ,0,113 - 16,381 - - 066,110 0,6,06, 62,103 013,0,, 11,622 32,110 01,61, 1,621Dec. 31, 2029 8.49 388,056 22,261 - 14,655 - - 312,160 03,,233 00,131 062,110 63,213 63,110 01,,66 6,011Dec. 31, 2030 5.66 263,878 06,366 - 14,637 - - 613,,61 ,6,160 61,136 10,120 30,111 00,002 2,330 6,116Dec. 31, 2031 2.83 134,578 63,000 - 13,056 - - ,1,011 00,1,6 06,220 01,,66 06,106 2,310 6,213 0,011Dec. 31, 2032 1.78 86,526 00,120 - 21,354 - - 61,300 66,,16 2,001 60,6,, 1,130 3,10, 0,600 611Dec. 31, 2033 - - - - - - 23,438 (23,438) - - (23,438) (8,210) (3,020) (1,161) (465)A-60