Building on our Past
Since we were founded back in 2004, we have invested approximately $2.7 billion in capital, primarily in the Montney/Doig Natural Gas Resource Play and the Charlie Lake Light Oil Resource Play. These investments have generated $2.5 billion in revenue, paid $254 million in royalties to Albertans and delivered $1.3 billion in funds flow from operations, all of which has been re-invested. As at December 31, 2015, the net present value of the future net revenue attributable to our proved plus probable reserves (at a 10% discount rate, before income taxes) is $3.9 billion as estimated by Deloitte, our independent reserves evaluator.
THE FOLLOWING DESCRIBES THE MAJOR EVENTS IN OUR HISTORY: