Page 15

ARC7453EnergyAR98forPDF

3/29/99 7:23 PM

Page 13

Since inception, the Trust has demonstrated strong performance in terms of both financial returns to unitholders and growth of our asset base. The Trust continues to be a top performer among all conventional oil and gas royalty trusts on the basis of total returns. The Trust increased oil equivalent production by eight percent

performance

during 1998 and replaced 101 percent of production at a net effective cost of $2.81 per Boe. The Trust’s average reserve acquisition cost since inception is among the lowest in the sector.

A R C

E N E R G Y

T R U S T

1 9 9 8

A N N U A L

R E P O R T

1998  

Annual Report

Read more
Read more
Similar to
Popular now
Just for you