Date : | 11/30/2007 | 9:36:05 | AM | ECONOMIC SUMMARY PROJECTION | Grand Total | ||||||
Project Name : | Griffin & Griffin 2007 Update | As Of Date : | 10/31/2007 | ||||||||
Partner : | Lexaria Corp | Discount Rate (%) : | 10.00 | ||||||||
Case Type : | REPORT BREAK SUB-TOTAL CASE | Custom Selection | |||||||||
Producing Rsv Category | |||||||||||
Cum Oil (Mbbl) : | 0.71 | ||||||||||
Cum Gas (MMcf) : | 117.04 | ||||||||||
Gross | Gross | Net | Net | Oil | Gas | Oil | Gas | Misc. | |||
Year | Oil | Gas | Oil | Gas | Price | Price | Revenue | Revenue | Revenue | ||
(Mbbl) | (MMcf) | (Mbbl) | (MMcf) | ($/bbl) | ($/Mcf) | (M$) | (M$) | (M$) | |||
2007 | 13.22 | 26.86 | 2.53 | 5.14 | 84.56 | 6.89 | 213.78 | 35.39 | 0.00 | ||
2008 | 65.16 | 139.27 | 12.46 | 26.63 | 84.56 | 6.89 | 1,053.83 | 183.51 | 0.00 | ||
2009 | 47.47 | 115.03 | 9.08 | 22.00 | 84.56 | 6.89 | 767.74 | 151.58 | 0.00 | ||
2010 | 34.73 | 91.47 | 6.64 | 17.49 | 84.56 | 6.89 | 561.66 | 120.54 | 0.00 | ||
2011 | 25.43 | 74.32 | 4.86 | 14.21 | 84.56 | 6.89 | 411.32 | 97.93 | 0.00 | ||
2012 | 15.10 | 46.21 | 2.89 | 8.84 | 84.56 | 6.89 | 244.15 | 60.90 | 0.00 | ||
2013 | 0.42 | 28.90 | 0.08 | 5.53 | 84.56 | 6.89 | 6.79 | 38.08 | 0.00 | ||
2014 | 0.00 | 25.39 | 0.00 | 4.86 | 0.00 | 6.89 | 0.00 | 33.46 | 0.00 | ||
2015 | 0.00 | 13.27 | 0.00 | 2.54 | 0.00 | 6.89 | 0.00 | 17.49 | 0.00 | ||
2016 | 0.00 | 12.42 | 0.00 | 2.37 | 0.00 | 6.89 | 0.00 | 16.36 | 0.00 | ||
2017 | 0.00 | 11.60 | 0.00 | 2.22 | 0.00 | 6.89 | 0.00 | 15.28 | 0.00 | ||
2018 | 0.00 | 10.90 | 0.00 | 2.08 | 0.00 | 6.89 | 0.00 | 14.36 | 0.00 | ||
2019 | 0.00 | 10.27 | 0.00 | 1.96 | 0.00 | 6.89 | 0.00 | 13.53 | 0.00 | ||
2020 | 0.00 | 9.73 | 0.00 | 1.86 | 0.00 | 6.89 | 0.00 | 12.82 | 0.00 | ||
2021 | 0.00 | 9.19 | 0.00 | 1.76 | 0.00 | 6.89 | 0.00 | 12.11 | 0.00 |
Rem | 0.00 | 25.51 | 0.00 | 4.88 | 0.00 | 6.89 | 0.00 | 33.61 | 0.00 | ||||
Total | 201.54 | 650.32 | 38.54 | 124.37 | 84.56 | 6.89 | 3,259.26 | 856.94 | 0.00 | ||||
Ult | 202.24 | 767.37 | |||||||||||
Well | Net Tax | Net Tax | Net | Net | Net | Other | Net | Annual | Cum Disc. | ||||
Year | Count | Production | AdValorem | Investment | Lease Costs | Well Costs | Costs | Profits | Cash Flow | Cash Flow | |||
(M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | (M$) | |||||
2007 | 8.00 | 15.08 | 4.98 | 0.00 | 0.00 | 11.59 | 0.00 | 0.00 | 217.52 | 215.77 | |||
2008 | 8.00 | 74.92 | 24.75 | 0.00 | 0.00 | 68.54 | 0.00 | 0.00 | 1,069.13 | 1,221.49 | |||
2009 | 8.00 | 55.67 | 18.39 | 0.00 | 0.00 | 68.54 | 0.00 | 0.00 | 776.71 | 1,885.65 | |||
2010 | 8.00 | 41.31 | 13.64 | 0.00 | 0.00 | 61.02 | 0.00 | 0.00 | 566.23 | 2,325.83 | |||
2011 | 7.00 | 30.84 | 10.19 | 0.00 | 0.00 | 53.52 | 0.00 | 0.00 | 414.71 | 2,618.92 | |||
2012 | 6.00 | 18.47 | 6.10 | 0.00 | 0.00 | 36.87 | 0.00 | 0.00 | 243.60 | 2,776.50 | |||
2013 | 3.00 | 2.72 | 0.90 | 0.00 | 0.00 | 17.53 | 0.00 | 0.00 | 23.72 | 2,790.49 | |||
2014 | 2.00 | 2.03 | 0.67 | 0.00 | 0.00 | 16.27 | 0.00 | 0.00 | 14.49 | 2,798.18 | |||
2015 | 1.00 | 1.06 | 0.35 | 0.00 | 0.00 | 8.57 | 0.00 | 0.00 | 7.51 | 2,801.80 | |||
2016 | 1.00 | 0.99 | 0.33 | 0.00 | 0.00 | 8.57 | 0.00 | 0.00 | 6.47 | 2,804.64 | |||
2017 | 1.00 | 0.93 | 0.31 | 0.00 | 0.00 | 8.57 | 0.00 | 0.00 | 5.48 | 2,806.82 | |||
2018 | 1.00 | 0.87 | 0.29 | 0.00 | 0.00 | 8.57 | 0.00 | 0.00 | 4.63 | 2,808.49 | |||
2019 | 1.00 | 0.82 | 0.27 | 0.00 | 0.00 | 8.57 | 0.00 | 0.00 | 3.87 | 2,809.77 | |||
2020 | 1.00 | 0.78 | 0.26 | 0.00 | 0.00 | 8.57 | 0.00 | 0.00 | 3.22 | 2,810.73 | |||
2021 | 1.00 | 0.74 | 0.24 | 0.00 | 0.00 | 8.57 | 0.00 | 0.00 | 2.56 | 2,811.43 | |||
Rem. | 2.04 | 0.67 | 0.00 | 0.00 | 26.28 | 0.00 | 0.00 | 4.62 | 1.06 | ||||
Total | 249.28 | 82.32 | 0.00 | 0.00 | 420.13 | 0.00 | 0.00 | 3,364.46 | 2,812.49 |
Present Worth Profile (M$) | ||||||
PW | 5.00 | % : | 3,060.87 | |||
PW | 8.00 | % : | 2,906.22 | |||
Disc. Initial Invest. (M$) : | 0.000 | PW 10.00 | % : | 2,812.49 | ||
ROInvestment (disc/undisc) : | 0.00 / 0.00 | PW 12.00 | % : | 2,725.35 | ||
Years to Payout : | 0.00 | PW 15.00 | % : | 2,605.56 | ||
Internal ROR (%) : | 0.00 | PW 20.00 | % : | 2,430.63 | ||
TRC Eco Detailed.rpt | Page 17 of 20 |