The following supplemental information summarizes certain estimated financial and operational information for the three months ended June 30, 2011 and March 31, 2011:
|Three Months Ended|
|June 30, 2011||March 31, 2011|
|Average Daily NRI Sales Volumes|
|Oil (Bbls/d)||2,800 - 2,900||1,711|
|NGLs (Bbls/d)||200 - 220||222|
|Natural Gas (MMcfe/d)||74 - 78||72|
|Total Daily Production (MMcfe/d)||92 - 97||84|
|Average Daily Working Interest Sales Volumes|
|Oil (Bbls/d)||3,100 - 3,300||1,989|
|NGLs (Bbls/d)||250 - 300||311|
|Natural Gas (MMcf/d)||80 - 82||76|
|Total Daily Production (MMcfe/d)||100 - 104||89|
|Royalties (%)||7 - 9%||6%|
|Net Operating Costs (US$/Mcfe)||$1.50 - $1.60||$1.65|
|E&D Capital Expenditures (US$MM)||$27 - $30||$77|
Peace River Arch – Evi Light Oil PlayLone Pine holds approximately 50,400 gross and 43,500 net acres in the Evi light oil play in north central Alberta, Canada. This area provides a significant horizontal development opportunity for premium-priced light oil.
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