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Encana: Strong Liquids Growth To Balance Sources Of Cash Flow In 2013

Updated guidance can be found at www.encana.com.

New York Investor Day Webcast InformationDate: Thursday, June 21, 2012Time: 8:30 a.m. - ~12:30 p.m. ET (6:30 a.m. - ~10:30 a.m. MT)

Presentations will be webcast live and archived on Encana’s website for approximately 90 days. Please visit www.encana.com in the Presentations & Events section under Invest in Us to access the audio webcast and presentation slides. It is recommended that users access the webcast approximately 10 minutes before its scheduled start time. The archived webcast will be available within 24 hours of the event.

IMPORTANT INFORMATION Encana reports in U.S. dollars unless otherwise noted. Production, sales and reserves estimates are reported on an after-royalties basis, unless otherwise noted. Per share amounts for cash flow and earnings are on a diluted basis. The term liquids is used to represent oil, natural gas liquids and condensate. The term liquids rich is used to represent natural gas streams with associated liquids volumes. Unless otherwise specified or the context otherwise requires, reference to Encana or to the company includes reference to subsidiaries of and partnership interests held by Encana Corporation and its subsidiaries.

NOTE 1: Non-GAAP measureThis news release contains references to non-GAAP measures as follows:
  • Cash flow is a non-GAAP measure defined as cash from operating activities excluding net change in other assets and liabilities, net change in non-cash working capital and cash tax on sale of assets. Free cash flow is a non-GAAP measure that Encana defines as cash flow in excess of capital investment, excluding net acquisitions and divestitures, and is used to determine the funds available for other investing and/or financing activities.

This measure has been described and presented in this news release in order to provide shareholders and potential investors with additional information regarding Encana’s liquidity and its ability to generate funds to finance its operations.

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