Field Liquid Production (Integrated Project)

Years

Produced Produced Produced Produced Produced Produced Produced Produced Produced Produced
Liquid 1 Liquid 2 Liquid 3 Liquid 4 Liquid 5 Liquid 6 Liquid 7 Liquid 8 Liquid 9 Liquid 10

Description:

DSM=1
2006

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

Plant Liquid Productio

Produced Produced Produced Produced Produced Produced Produced Produced Produced Produced
Plant
Liquid 11 Liquid 12 Liquid 13 Liquid 14 Liquid 15 Liquid 16 Liquid 17 Liquid 18 Liquid 19 Liquid 20 Liquid 1
-

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

Plant Liquid Production

Plant
Liquid 2

Field Gas Production (Integrate

Plant
Liquid 3

Plant
Liquid 4

Plant
Liquid 5

Plant
Liquid 6

Plant
Liquid 7

Plant
Liquid 8

Plant
Liquid 9

Plant
Produced Produced
Liquid 10 Gas 1
Gas 2

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

000b/d

mmcfd

mmcfd

Gas Production (Integrated Project)

Produced Produced Produced Produced Produced Produced Produced Produced Produced Produced Produced
Gas 3
Gas 4
Gas 5
Gas 6
Gas 7
Gas 8
Gas 9
Gas 10
Gas 11
Gas 12
Gas 13
-

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

LNG Throughput by Market

Produced Produced Produced Produced Produced Produced Produced Market
Gas 14
Gas 15
Gas 16
Gas 17
Gas 18
Gas 19
Gas 20
1
Market 1

Market
2

Market
3

Market
4

Market 2 Market 3 Market 4

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

bBtu/d

bBtu/d

bBtu/d

bBtu/d

Market
5

Market
6

Market
7

Market
8

Market
9

Market
10

Market
11

Market
12

Market
13

Market
14

Market
15

Market
16

Market 5 Market 6 Market 7 Market 8 Market 9 Market 10 Market 11 Market 12 Market 13 Market 14 Market 15 Market 16

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

Field Liquid Prices (Integrated Project)

Market
17

Market
18

Market
19

Market
20

Liquid
Price 1

Losses

Liquid
Price 2

Liquid
Price 3

Liquid
Price 4

Liquid
Price 5

Liquid
Price 6

Market 17 Market 18 Market 19 Market 20

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

Liquid
Price 7
US$/bbl

Liquid
Price 8
US$/bbl

Liquid
Price 9
US$/bbl

Liquid
Price 10
US$/bbl

Liquid
Price 11
US$/bbl

Liquid
Price 12
US$/bbl

Liquid
Price 13
US$/bbl

Liquid
Price 14
US$/bbl

Liquid
Price 15
US$/bbl

Liquid
Price 16
US$/bbl

Liquid
Price 17
US$/bbl

Plant Liquid Prices

Liquid
Price 18
US$/bbl

Liquid
Price 19
US$/bbl

Liquid
Price 20
US$/bbl

Plant
Liquid
Price 1
US$/bbl

Plant
Liquid
Price 2
US$/bbl

Plant
Liquid
Price 3
US$/bbl

Plant
Liquid
Price 4
US$/bbl

Plant
Liquid
Price 5
US$/bbl

Plant
Liquid
Price 6
US$/bbl

Plant
Liquid
Price 7
US$/bbl

Plant
Liquid
Price 8
US$/bbl

Field Gas Prices (Integrated Project)

Plant
Liquid
Price 9
US$/bbl

Plant
Produced Produced Produced Produced Produced Produced Produced Produced Produced
Liquid Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price
Price 10
1
2
3
4
5
6
7
8
9
US$/bbl

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

Produced Produced Produced Produced Produced Produced Produced Produced Produced Produced Produced
Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price Gas Price
10
11
12
13
14
15
16
17
18
19
20
US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

US$/mcf

LNG Prices
Market 1
Price 1
-

Market 2 Market 3 Market 4 Market 5 Market 6 Market 7 Market 8 Market 9

Price 2
Price 3
Price 4
Price 5
Price 6
Price 7
Price 8
Price 9
-

Market
10 Price Market 11
10
Price 11
-

$/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu

Upstream Capex
Market
12 Price
12

Market
13 Price
13

Market
14 Price
14

Market
15 Price
15

Market
16 Price
16

Market
17 Price
17

Market
18 Price
18

Market
19 Price
19

Market
20 Price
20

$/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu

E&A Product.
Costs Facilities
-

$MM

$MM

Plant Capex
Process.
Equip.

Subsea

Dev.
Drilling

Pipeline

Offshore
Loading

Terminal

Other Country Abandon.

Capital
Capex Specific 1
Costs Receipts

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

.Site
Prep.
$MM

Plant Capex

.Storage
.Utility
&
Support
Loading
Systems .Liquefaction Facilities
$MM

$MM

$MM

.Marine
Related
$MM

.Pipeline
$MM

.Other
Capex
$MM

.
.Country Abandon. .Capital
.Tankers Specific 1
Costs Receipts
$MM

$MM

$MM

$MM

Upstream Opex
Field
Fixed

Field Non-Tariff
Variable Transport Tariff Oil Tariff Gas

Tariff
Rcpts

Leasing Insurance

G&A

Other
Opex

Carbon
Volume

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

Plant Opex
Country
Sunk
Specific 3 Oil Capex Oil Opex Costs Oil
$MM

Sunk
Costs
Gas Bonuses

.Fixed

.NonTariff
.Variable Transport

.Tariff
Liquids

.Tariff
gas/lng

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

.Tariff
Rcpts

.Leasing .Insurance

.G&A

.Other .Country .Country .Country

Opex Specific 2 Specific 3 Specific 4 .Bonuses

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

$MM

Field Info

Production Units and Conversion Factors

Liquids Production Units &

Barrels/Tonne Conversion

Plant Output Units &

Barrels/Tonne Conversion

Liquids 1
Liquids 2
Liquids 3
Liquids 4
Liquids 5
Liquids 6
Liquids 7
Liquids 8
Liquids 9
Liquids 10
Liquids 11
Liquids 12
Liquids 13
Liquids 14
Liquids 15
Liquids 16
Liquids 17
Liquids 18
Liquids 19
Liquids 20

Plant Liqui
Plant Liqui
Plant Liqui
Plant Liqui
Plant Liqui
Plant Liqui
Plant Liqui
Plant Liqui
Plant Liqui
Plant Liqui

000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d

7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30

000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d
000b/d

Gas Production Units

7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30
7.30

Currency

Split Marker
Currency

A$
A$MM

Country Specific Labels

Upstream
Upstream
Upstream
Upstream
Upstream

Capex
Capex
Opex
Opex
Opex

Other Capex
Country Specific 1
Other Opex
Carbon Volume
Country Specific 3

Plant
Plant
Plant
Plant
Plant
Plant

Capex
Capex
Opex
Opex
Opex
Opex

.Other Capex
.Country Specific 1
.Other Opex
.Country Specific 2
.Country Specific 3
.Country Specific 4

Page 19

Gas1
Gas2
Gas3
Gas4
Gas5
Gas6
Gas 7
Gas 8
Gas 9
Gas 10
Gas 11
Gas 12
Gas 13
Gas 14
Gas 15
Gas 16
Gas 17
Gas 18
Gas 19
Gas 20

mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd

Field Info

Gas Plant Output Units

Market 1
Market 2
Market 3
Market 4
Market 5
Market 6
Market 7
Market 8
Market 9
Market 10
Market 11
Market 12
Market 13
Market 14
Market 15
Market 16
Market 17
Market 18
Market 19
Market 20
Losses

bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d
bBtu/d

Page 20

0.0
Feedgas Properties

Year

2006

Feed Gas
CV
Btu/scf

LNG Properties
LNG
CV
Btu/scf

LNG
Density
kg/m3

Expansion
Co-efficient
m3(n)/m3(liq)

LPG Properties
LPG
CV
Btu/scf

LPG
Density
kg/m3

Expansion
Co-efficient
m3(gas)/m3(liq)

LNG Conversion Factors

Liquid Volume
Mass
Regasified
Basis
Basis
LNG
mmbtu/m3(liq) tBtu/Mtonne mmtpa/mmcfd

Feedgas
LNG
mmtpa/mmcfd

LPG Conversion Factors

Losses

Liquid Volume
Mass
Barrel
Basis
Basis
Basis
mmbtu/m3(liq) tBtu/Mtonne mmbtu/bbl

Plant Capacity

mmtpa

LNG Upstream Supply

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

LNG Output Required

mmcfd

Unallocated
Total
Gas Feedgas
mmcfd
mmcfd
mmcfd

Market 1 Market 2 Market 3 Market 4 Market 5 Market 6 Market 7

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

Market 8 Market 9 Market 10 Market 11 Market 12 Market 13 Market 14 Market 15 Market 16 Market 17 Market 18
mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

LPG Output
Market 19 Market 20
mmtpa

mmtpa

Total
mmtpa

LPG
LPG Gas Supply
Production Production
Required
b/d Tonnes/day
bBtu/d

Feedgas Required
LNG

LPG

Losses

mmcfd

mmcfd

mmcfd

Total
mmcfd

% Breakdown of feedgas
LPG Losses Market 1 Market 2 Market 3 Market 4 Market 5 Market 6 Market 7 Market 8 Market 9 Market 10
%

Market 11 Market 12 Market 13 Market 14 Market 15 Market 16 Market 17 Market 18 Market 19 Market 20
%

Total
%

Plant Input
LPG Losses Market 1 Market 2 Market 3 Market 4 Market 5 Market 6 Market 7 Market 8 Market 9 Market 10
mmcfd mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

Market 11 Market 12 Market 13 Market 14 Market 15 Market 16 Market 17 Market 18 Market 19 Market 20
mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

mmcfd

Total
mmcfd

Plant Flows
LPG Losses Market 1 Market 2 Market 3 Market 4 Market 5 Market 6 Market 7 Market 8 Market 9 Market 10
bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

Market 11 Market 12 Market 13 Market 14 Market 15 Market 16 Market 17 Market 18 Market 19 Market 20
bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

bBtu/d

Market 1
Total
bBtu/d

LNG Output
Market 1 Market 2 Market 3 Market 4 Market 5 Market 6 Market 7 Market 8
mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

Market 9 Market 10 Market 11 Market 12

mmtpa

mmtpa

mmtpa

mmtpa

Market 13 Market 14 Market 15 Market 16 Market 17 Market 18 Market 19 Market 20

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

mmtpa

Total
mmtpa

Company Offsets

Year

Costs
E&A

Capex

Opex

Income
Tax

Page 36

Gas Revenues

0.0

Gas Reserves: Field Gas Production (Integrated Project)

bcf

Totals

Gas 1
mmcfd

Gas 2
mmcfd

Gas 3
mmcfd

Gas 4
mmcfd

Gas 5
mmcfd

Gas 6
mmcfd

Gas 7
mmcfd

Gas 8
mmcfd

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057

Page 37

Gas 9 Gas 10 Gas 11 Gas 12

mmcfd mmcfd mmcfd mmcfd

Gas Revenues

2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Page 38

Gas Revenues

LNG Throughput by Market

Gas 13 Gas 14 Gas 15 Gas 16 Gas 17 Gas 18 Gas 19 Gas 20
mmcfd mmcfd mmcfd mmcfd mmcfd mmcfd mmcfd mmcfd

Page 39

Total Market 1 Market 2 Market 3

mmcfd
bbtu/d
bbtu/d
bbtu/d

Gas Revenues

Page 40

Gas Revenues

ut by Market
Market 4 Market 5 Market 6 Market 7 Market 8 Market 9 Market 10 Market 11 Market 12 Market 13
bbtu/d
bbtu/d
bbtu/d
bbtu/d
bbtu/d
bbtu/d
bbtu/d
bbtu/d
bbtu/d
bbtu/d

Page 41

Gas Revenues

Page 42

Gas Revenues

Total Market
Market 14 Market 15 Market 16 Market 17 Market 18 Market 19 Market 20 Losses 1-20 incl.loss
bbtu/d
bbtu/d
bbtu/d
bbtu/d
bbtu/d
bbtu/d
bbtu/d bbtu/d
bbtu/d

Page 43

Gas Revenues

Page 44

Gas Revenues

Field Gas Prices (Integrated Project)

Total Market
minus losses
Gas 1
Gas 2
Gas 3
Gas 4
Gas 5
Gas 6
Gas 7
Gas 8
Gas 9 Gas 10
bbtu/d US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf

Page 45

Gas Revenues

Page 46

Gas Revenues

LNG Prices
Gas 11

Gas 12

Gas 13

Gas 14

Gas 15

Gas 16

Gas 17

Gas 18

Gas 19

Gas 20

Market
Gas 1

US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf US$/mcf $/mmbtu

Page 47

0.00
0.00
0.00
0.00
0.00
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0.00
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0.00
0.00
0.00
0.00
0.00
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0.00
0.00
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0.00
0.00

Gas Revenues

Page 48

0.00
0.00
0.00
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0.00
0.00

Gas Revenues

LNG Prices
Market
Gas 2

Market
Gas 3

Market
Gas 4

Market
Gas 5

Market
Gas 6

Market
Gas 7

Market
Gas 8

Market
Gas 9

Market
Gas 10

Market
Gas 11

Market
Gas 12

$/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu

0.00
0.00
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Gas Revenues

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Gas Revenues

Field Gas Revenues (Integrated Project)

Market
Gas 13

Market
Gas 14

Market
Gas 15

Market
Gas 16

Market
Gas 17

Market
Gas 18

Market
Gas 19

Market
Gas 20

$/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu $/mmbtu

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Gas 1
$MM

Gas 2
$MM

Gas 3
$MM

Gas Revenues

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0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Gas Revenues

enues (Integrated Project)

Gas 4
$MM

Gas 5
$MM

Gas 6
$MM

Gas 7
$MM

Gas 8
$MM

Gas 9
$MM

Gas 10
$MM

Gas 11
$MM

Gas 12
$MM

Gas 13
$MM

Gas 14
$MM

Page 53

Gas Revenues

Page 54

Gas Revenues

Gas 15
$MM

Gas 16
$MM

Gas 17
$MM

Gas 18
$MM

Gas 19
$MM

LNG Throughput Revenues

Total
Field Gas
Market
Market
Market
Market
Gas 20 Revenues
Gas 1
Gas 2
Gas 3
Gas 4
$MM
$MM
$MM
$MM
$MM
$MM

Page 55

Gas Revenues

Page 56

Gas Revenues

Market
Gas 5
$MM

Market
Gas 6
$MM

Market
Gas 7
$MM

Market
Gas 8
$MM

Market
Gas 9
$MM

Market
Gas 10
$MM

Market
Gas 11
$MM

Market
Gas 12
$MM

Market
Gas 13
$MM

Market
Gas 14
$MM

Market
Gas 15
$MM

Page 57

Gas Revenues

Page 58

Gas Revenues

Market
Gas 16
$MM

Market
Gas 17
$MM

Market
Gas 18
$MM

Market
Gas 19
$MM

Total LNG
Market Throughput Total Gas
Gas 20 Revenues Revenues
$MM
$MM
$MM

Page 59

Tariff
Receipts
$MM

Gas Revenues

Page 60

Gas Revenues

Economic Assumptions (Gas)

Gas
Gas
Production
Price
Tariff
Tariff
Sensitivity Sensitivity Sensitivity Inflation
Index
Index
Index
Index

GAS PRICE SENSITIVITIES

GAS

% Change

Start Year

1995

GAS OUTPUT SENSITIVITIES

GAS

% Change
Start year

1995

RECEIPTS % Change

Start Year

1995

Page 61

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.03
1.05
1.08
1.10
1.13
1.16
1.19
1.22
1.25
1.28
1.31
1.34
1.38
1.41
1.45
1.48
1.52
1.56
1.60
1.64
1.68
1.72
1.76
1.81
1.85
1.90
1.95
2.00
2.05
2.10
2.15
2.20
2.26
2.32
2.37
2.43
2.49
2.56
2.62
2.69
2.75
2.82
2.89
2.96
3.04
3.11
3.19
3.27
3.35
3.44
3.52
3.61

Gas Revenues

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 62

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

3.70
3.79
3.89
3.99
4.09
4.19
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29

Gas Revenues

Conversion
Gas Unit

Company Totals (Gas)

Dollar
Exchange
Rate

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Gas 1
Revenues
$MM

Gas1
Gas2
Gas3
Gas4
Gas5
Gas6
Gas7
Gas8
Gas9
Gas10
Gas11
Gas12
Gas13
Gas14
Gas15
Gas16
Gas17
Gas18
Gas19
Gas20

Page 63

1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0

Plant Gas1
Plant Gas2
Plant Gas3
Plant Gas4
Plant Gas5
Plant Gas6
Plant Gas7
Plant Gas8
Plant Gas9
Plant Gas10
Plant Gas11
Plant Gas12
Plant Gas13
Plant Gas14
Plant Gas15
Plant Gas16
Plant Gas17
Plant Gas18
Plant Gas19
Plant Gas20

1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0

Gas Revenues

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 64

Gas Revenues

Company Totals (Gas)

Gas 2
Gas 3
Gas 4
Gas 5
Gas 6
Gas 7
Gas 8
Gas 9
Gas 10
Gas 11
Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM

Page 65

Gas Revenues

Page 66

Gas Revenues

Gas 12
Gas 13
Gas 14
Gas 15
Gas 16
Gas 17
Gas 18
Gas 19
Gas 20
Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM

Page 67

LNG Market
Gas 1
Revenues
$MM

Gas Revenues

Page 68

Gas Revenues

LNG Market LNG Market LNG Market LNG Market LNG Market LNG Market LNG Market LNG Market LNG Market
Gas 2
Gas 3
Gas 4
Gas 5
Gas 6
Gas 7
Gas 8
Gas 9
Gas 10
Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM

Page 69

Gas Revenues

Page 70

Gas Revenues

LNG Market LNG Market LNG Market LNG Market LNG Market LNG Market LNG Market LNG Market LNG Market
Gas 11
Gas 12
Gas 13
Gas 14
Gas 15
Gas 16
Gas 17
Gas 18
Gas 19
Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM

Page 71

Gas Revenues

Page 72

Gas Revenues

Average Gas Prices

Field Gas
LNG Market
Gas 20
Revenues
$MM

Gas 1
Price
$/mcf

Gas 2
Price
$/mcf

Gas 3
Price
$/mcf

Gas 4
Price
$/mcf

Gas 5
Price
$/mcf

Gas 6
Price
$/mcf

Gas 7
Price
$/mcf

Gas 8
Price
$/mcf

Gas 9
Price
$/mcf

Page 73

Gas Revenues

Page 74

Gas Revenues

Gas 10
Price
$/mcf

Gas 11
Price
$/mcf

Gas 12
Price
$/mcf

Gas 13
Price
$/mcf

Gas 14
Price
$/mcf

Gas 15
Price
$/mcf

Gas 16
Price
$/mcf

Gas 17
Price
$/mcf

Gas 18
Price
$/mcf

Gas 19
Price
$/mcf

Gas 20
Price
$/mcf

Page 75

Gas Revenues

Page 76

Gas Revenues

Plant Gas
Plant
Gas 1
Price
$/bBtu

Plant
Gas 2
Price
$/bBtu

Plant
Gas 3
Price
$/bBtu

Plant
Gas 4
Price
$/bBtu

Plant
Gas 5
Price
$/bBtu

Plant
Gas 6
Price
$/bBtu

Plant
Gas 7
Price
$/bBtu

Plant
Gas 8
Price
$/bBtu

Plant
Gas 9
Price
$/bBtu

Plant
Gas 10
Price
$/bBtu

Plant
Gas 11
Price
$/bBtu

Page 77

Gas Revenues

Page 78

Gas Revenues

Plant
Gas 12
Price
$/bBtu

Plant
Gas 13
Price
$/bBtu

Plant
Gas 14
Price
$/bBtu

Plant
Gas 15
Price
$/bBtu

Plant
Gas 16
Price
$/bBtu

Plant
Gas 17
Price
$/bBtu

Plant
Gas 18
Price
$/bBtu

Plant
Gas 19
Price
$/bBtu

Plant
Gas 20
Price
$/bBtu

Page 79

Gas Revenues

Page 80

Liquids Revenues

0.0

Liquid Reserves: Field Liquid Production (Integrated Project)

mmbbls

Totals

Liquids 1
000 b/d

Liquids 2
000 b/d

Liquids 3
000 b/d

Liquids 4
000 b/d

Liquids 5
000 b/d

Liquids 6
000 b/d

Liquids 7
000 b/d

Liquids 8
000 b/d

Liquids 9
000 b/d

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019

2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057

Page 81

Liquids Revenues

2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Page 82

Liquids Revenues

Liquids 10 Liquids 11 Liquids 12 Liquids 13 Liquids 14 Liquids 15 Liquids 16 Liquids 17 Liquids 18 Liquids 19
000 b/d
000 b/d
000 b/d
000 b/d
000 b/d
000 b/d
000 b/d
000 b/d
000 b/d
000 b/d

Page 83

Liquids Revenues

Page 84

Liquids Revenues

Plant Liquid Production

Total
Field Liquid
Plant
Plant
Plant
Plant
Plant
Plant
Plant
Plant
Plant
Liquids 20 Production Liquids 1 Liquids 2 Liquids 3 Liquids 4 Liquids 5 Liquids 6 Liquids 7 Liquids 8 Liquids 9
000 b/d
000 b/d 000 b/d 000 b/d 000 b/d 000 b/d 000 b/d 000 b/d 000 b/d 000 b/d 000 b/d

Page 85

Liquids Revenues

Page 86

Liquids Revenues

Field Liquid Prices (Integrated Project)

Total
Plant Plant Liquid
Liquids 10 Production Liquids 1 Liquids 2 Liquids 3 Liquids 4
000 b/d
000 b/d
US$/bbl
US$/bbl
US$/bbl
US$/bbl

Liquids 5

Liquids 6

Liquids 7

Liquids 8

US$/bbl

US$/bbl

US$/bbl

US$/bbl

Page 87

Liquids Revenues

Page 88

Liquids Revenues

Liquids 9 Liquids 10 Liquids 11 Liquids 12 Liquids 13 Liquids 14 Liquids 15 Liquids 16 Liquids 17 Liquids 18
US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

Page 89

Liquids Revenues

Page 90

Liquids Revenues

Plant Liquid Prices

Plant
Plant
Plant
Plant
Plant
Plant
Plant
Plant
Plant
Liquids 19 Liquids 20 Liquids 1 Liquids 2 Liquids 3 Liquids 4 Liquids 5 Liquids 6 Liquids 7 Liquids 8 Liquids 9
US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

US$/bbl

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Page 91

Liquids Revenues

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Page 92

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Liquids Revenues

Field Liquid Revenues (Integrated Project)

Plant
Liquids 10
US$/bbl

Liquids 1
$MM

Liquids 2
$MM

Liquids 3
$MM

Liquids 4
$MM

Liquids 5
$MM

Liquids 6
$MM

Liquids 7
$MM

Liquids 8
$MM

Liquids 9
$MM

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Page 93

Liquids Revenues

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Page 94

Liquids Revenues

Liquids 10 Liquids 11 Liquids 12 Liquids 13 Liquids 14 Liquids 15 Liquids 16 Liquids 17 Liquids 18 Liquids 19
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM

Page 95

Liquids Revenues

Page 96

Liquids Revenues

Total
Field Liquid
Plant
Plant
Plant
Plant
Plant
Plant
Plant
Plant
Plant
Liquids 20 Revenues Liquids 1 Liquids 2 Liquids 3 Liquids 4 Liquids 5 Liquids 6 Liquids 7 Liquids 8 Liquids 9
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM

Page 97

Liquids Revenues

Page 98

Liquids Revenues

Total
Plant Plant Liquid Total Liquids
Liquids 10 Revenues
Revenues
$MM
$MM
$MM

Economic Assumptions - Liquids

Total
Revenues
$MM

LIQUIDS

LIQUIDS

Page 99

Liquids Revenues

Page 100

Liquids Revenues

Economic Assumptions - Liquids

Liquids
Liquids
Production
Price
Sensitivity Sensitivity
Index
Index

LIQUID PRICE SENSITIVITIES

% Change

Start Year

1995

LIQUID OUTPUT SENSITIVITIES

% Change
Start year

1995

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 101

Liquids Revenues

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 102

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Liquids Revenues

Conversion
Liquids Unit

Company Revenue Totals (Liquids)

Field Liquid Revenues (Integrated Project)
Liquid 1
Liquid 2
Liquid 3
Liquid 4
Liquid 5
Revenues Revenues Revenues Revenues Revenues
$MM
$MM
$MM
$MM
$MM

Liquids1
Liquids2
Liquids3
Liquids4
Liquids5
Liquids6
Liquids7
Liquids8
Liquids9
Liquids10
Liquids11
Liquids12
Liquids13
Liquids14

1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0

Liquids15
Liquids16
Liquids17
Liquids18
Liquids19
Liquids20

1.0
1.0
1.0
1.0
1.0
1.0

Plant Liquids1
Plant Liquids2
Plant Liquids3
Plant Liquids4
Plant Liquids5
Plant Liquids6
Plant Liquids7
Plant Liquids8
Plant Liquids9
Plant Liquids10

1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0

Page 103

Liquids Revenues

Page 104

Liquids Revenues

Liquid 6
Liquid 7
Liquid 8
Liquid 9 Liquid 10 Liquid 11 Liquid 12 Liquid 13 Liquid 14 Liquid 15
Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM

Page 105

Liquids Revenues

Page 106

Liquids Revenues

Plant Liquid Revenues

Plant
Plant
Plant
Plant
Plant
Liquid 16 Liquid 17 Liquid 18 Liquid 19 Liquid 20
Liquid 1
Liquid 2
Liquid 3
Liquid 4
Liquid 5
Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues Revenues
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM
$MM

Page 107

Liquids Revenues

Page 108

Liquids Revenues

Average Liquids Prices

Field Liquids
Plant
Plant
Plant
Plant
Plant
Liquid 6
Liquid 7
Liquid 8
Liquid 9 Liquid 10
Revenues Revenues Revenues Revenues Revenues
$MM
$MM
$MM
$MM
$MM

Page 109

Liquid 1
Price
$/bbl

Liquid 2
Price
$/bbl

Liquid 3
Price
$/bbl

Liquid 4
Price
$/bbl

Liquid 5
Price
$/bbl

Liquids Revenues

Page 110

Liquids Revenues

Liquid 6
Price
$/bbl

Liquid 7
Price
$/bbl

Liquid 8 Liquid 9 Liquid 10 Liquid 11 Liquid 12 Liquid 13 Liquid 14 Liquid 15 Liquid 16

Price
Price
Price
Price
Price
Price
Price
Price
Price
$/bbl
$/bbl
$/bbl
$/bbl
$/bbl
$/bbl
$/bbl
$/bbl
$/bbl

Page 111

Liquids Revenues

Page 112

Liquids Revenues

Plant Liquids
Liquid 17 Liquid 18 Liquid 19 Liquid 20
Price
Price
Price
Price
$/bbl
$/bbl
$/bbl
$/bbl

Plant
Liquid 1
Price
$/bbl

Plant
Liquid 2
Price
$/bbl

Plant
Liquid 3
Price
$/bbl

Plant
Liquid 4
Price
$/bbl

Plant
Liquid 5
Price
$/bbl

Plant
Liquid 6
Price
$/bbl

Plant
Liquid 7
Price
$/bbl

Page 113

Liquids Revenues

Page 114

Liquids Revenues

Plant
Liquid 8
Price
$/bbl

Plant
Plant
Liquid 9 Liquid 10
Price
Price
$/bbl
$/bbl

Page 115

Liquids Revenues

Page 116

Field Costs

0.0

Totals

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053

E&A
Costs
$MM

Field
Capex
$MM

Dev. Transport Plant Site Plant Storage Plant Pipeline Plant Tanker
Drilling
Capex
Capex
Capex
Capex
Capex
$MM
$MM
$MM
$MM
$MM
$MM

Page 117

Other
Capex
$MM

Field Costs

2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Page 118

Field Costs

Abandon.
$MM

Capital
Receipts
$MM

Total
Capex
$MM

Field
Opex
$MM

Transport
Opex
$MM

Page 119

Plant Plant Transport

Opex
Opex
$MM
$MM

Other
Opex
$MM

Field Costs

Page 120

Field Costs

Total
Opex
$MM

Total
Costs
$MM

EXPENDITURE SENSITIVITIES
CAPEX

OPEX

% Change

Start Year

2005

% Change

Start Year

2005

TARIFF SENSITIVITIES
PAYMENTS% Change

Start Year

2005

Page 121

Field Costs

Page 122

Field Costs

Capex
Capex
Opex
Opex
Tariff
Tariff Exchange
Sensitivity Inflation Sensitivity Inflation Sensitivity Inflation
Rate
Year
Index
Index
Index
Index
Index
Index
Index

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.03
1.05
1.08
1.10
1.13
1.16
1.19
1.22
1.25
1.28
1.31
1.34
1.38
1.41
1.45
1.48
1.52
1.56
1.60
1.64
1.68
1.72
1.76
1.81
1.85
1.90
1.95
2.00
2.05
2.10
2.15
2.20
2.26
2.32
2.37
2.43
2.49
2.56
2.62
2.69
2.75
2.82
2.89
2.96
3.04
3.11
3.19
3.27

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.03
1.05
1.08
1.10
1.13
1.16
1.19
1.22
1.25
1.28
1.31
1.34
1.38
1.41
1.45
1.48
1.52
1.56
1.60
1.64
1.68
1.72
1.76
1.81
1.85
1.90
1.95
2.00
2.05
2.10
2.15
2.20
2.26
2.32
2.37
2.43
2.49
2.56
2.62
2.69
2.75
2.82
2.89
2.96
3.04
3.11
3.19
3.27

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 123

1.03
1.05
1.08
1.10
1.13
1.16
1.19
1.22
1.25
1.28
1.31
1.34
1.38
1.41
1.45
1.48
1.52
1.56
1.60
1.64
1.68
1.72
1.76
1.81
1.85
1.90
1.95
2.00
2.05
2.10
2.15
2.20
2.26
2.32
2.37
2.43
2.49
2.56
2.62
2.69
2.75
2.82
2.89
2.96
3.04
3.11
3.19
3.27

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Field Costs

2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

3.35
3.44
3.52
3.61
3.70
3.79
3.89
3.99
4.09
4.19
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

3.35
3.44
3.52
3.61
3.70
3.79
3.89
3.99
4.09
4.19
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 124

3.35
3.44
3.52
3.61
3.70
3.79
3.89
3.99
4.09
4.19
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29
4.29

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Economic Parameters

Exchange Rates

Exchange
Exchange
Exchange
Rate
Rate
Rate
Inflation
Index
Inflation
Year Input : Dollar Local : Dollar Output : Dollar Rates 1964=100 Factor

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017

5.00

5.00

5.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

100.00
1.59
3.01
2.78
4.27
5.46
5.84
4.30
3.27
6.16
11.03
9.20
5.75
6.50
7.62
11.22
13.58
10.35
6.16
3.22
4.30
3.55
1.91
3.66
4.08
4.83
5.39
4.25
3.03
2.96
2.61
2.81
2.93
2.34
1.55
2.19
3.38
2.83
1.52
2.30
2.61
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50

101.59
104.65
107.56
112.15
118.27
125.18
130.56
134.83
143.14
158.93
173.55
183.53
195.46
210.35
233.95
265.72
293.22
311.29
321.31
335.13
347.02
353.65
366.59
381.55
399.98
421.54
439.45
452.77
466.17
478.34
491.78
506.19
518.03
526.06
537.58
555.76
571.48
580.17
593.51
609.00
624.23
639.83
655.83
672.23
689.03
706.26
723.91
742.01
760.56
779.58
799.07
819.04
839.52

Page 125

#NAME?
Interest
Rate

28.00
6.14
5.97
5.80
5.57
5.28
4.99
4.78
4.63
4.36
3.93
3.60
3.40
3.19
2.97
2.67
2.35
2.13
2.01
1.94
1.86
1.80
1.77
1.70
1.64
1.56
1.48
1.42
1.38
1.34
1.30
1.27
1.23
1.20
1.19
1.16
1.12
1.09
1.08
1.05
1.03
1.00
0.98
0.95
0.93
0.91
0.88
0.86
0.84
0.82
0.80
0.78
0.76
0.74

3.26
3.81
3.93
4.44
5.69
6.32
5.40
5.26
5.19
6.15
7.05
6.65
5.68
6.01
6.51
8.55
11.30
11.70
9.51
10.10
9.12
6.92
7.62
8.41
9.32
8.45
6.34
4.25
3.69
5.59
6.24
5.78
6.06
5.55
5.72
6.86
3.86
2.21
1.36
2.12
4.03
5.32
5.12
3.08
1.57
0.92
0.83
5.00
5.00
5.00
5.00
5.00
5.00

INFLATION SERIES USED (1=Yes

OPEX
CAPEX
TARIFF
Base Year

LOCAL CURRENCY
Currency

DISCOUNT

Enter Discount Rate Required

Enter Start Year
Start Month

Conversion Factors
McfBbl Conversion Factor

Economic Parameters

2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50

860.51
882.02
904.07
926.67
949.84
973.58
997.92
1022.87
1048.44
1074.66
1101.52
1129.06
1157.29
1186.22
1215.87
1246.27
1277.43
1309.36
1342.10
1375.65
1410.04
1445.29
1481.42
1518.46
1556.42
1595.33
1635.21
1676.10
1718.00
1760.95
1804.97
1850.10
1896.35
1943.76
1992.35
2042.16
2093.21
2145.54
2199.18
2254.16
2310.52
2368.28
2427.49
2488.17
2550.38
2614.14
2679.49

Page 126

0.73
0.71
0.69
0.67
0.66
0.64
0.63
0.61
0.60
0.58
0.57
0.55
0.54
0.53
0.51
0.50
0.49
0.48
0.47
0.45
0.44
0.43
0.42
0.41
0.40
0.39
0.38
0.37
0.36
0.35
0.35
0.34
0.33
0.32
0.31
0.31
0.30
0.29
0.28
0.28
0.27
0.26
0.26
0.25
0.24
0.24
0.23

5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00

Economic Parameters

Global Inflators/Escalators Exchange Rates v Unite

Year

INFLATION SERIES USED (1=Yes)

1.00
1.00
1.00
2005

LOCAL CURRENCY
$

RATE

Enter Discount Rate Required

Enter Start Year

10.00
2005
6.00

Conversion Factors
McfBbl Conversion Factor

0.1760

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017

Page 127

Inflation
Rate
%

1.59%
3.01%
2.78%
4.27%
5.46%
5.84%
4.30%
3.27%
6.16%
11.03%
9.20%
5.75%
6.50%
7.62%
11.22%
13.58%
10.35%
6.16%
3.22%
4.30%
3.55%
1.91%
3.66%
4.08%
4.83%
5.39%
4.25%
3.03%
2.96%
2.61%
2.81%
2.93%
2.34%
1.55%
2.19%
3.38%
2.83%
1.52%
2.30%
2.61%
3.39%
3.24%
2.85%
3.85%
-0.34%
1.60%
3.20%
2.20%
2.00%
2.00%
2.00%
2.00%
2.00%

Capex
Opex & Tariffs
Escalation
Escalation
%
%

1.59%
3.01%
2.78%
4.27%
5.46%
5.84%
4.30%
3.27%
6.16%
11.03%
9.20%
5.75%
6.50%
7.62%
11.22%
13.58%
10.35%
6.16%
3.22%
4.30%
3.55%
1.91%
3.66%
4.08%
4.83%
5.39%
4.25%
3.03%
2.96%
2.61%
2.81%
2.93%
2.34%
1.55%
2.19%
3.38%
2.83%
1.52%
2.30%
2.61%
3.39%
3.24%
2.85%
3.85%
-0.34%
1.60%
3.20%
2.20%
2.00%
2.00%
2.00%
2.00%
2.00%

1.59%
3.01%
2.78%
4.27%
5.46%
5.84%
4.30%
3.27%
6.16%
11.03%
9.20%
5.75%
6.50%
7.62%
11.22%
13.58%
10.35%
6.16%
3.22%
4.30%
3.55%
1.91%
3.66%
4.08%
4.83%
5.39%
4.25%
3.03%
2.96%
2.61%
2.81%
2.93%
2.34%
1.55%
2.19%
3.38%
2.83%
1.52%
2.30%
2.61%
3.39%
3.24%
2.85%
3.85%
-0.34%
1.60%
3.20%
2.20%
2.00%
2.00%
2.00%
2.00%
2.00%

$
Per
USD
1

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Per
USD
2

0.36
0.36
0.36
0.42
0.42
0.42
0.41
0.40
0.41
0.43
0.45
0.55
0.57
0.52
0.47
0.43
0.50
0.57
0.66
0.75
0.78
0.68
0.61
0.56
0.61
0.56
0.57
0.57
0.67
0.65
0.63
0.64
0.61
0.60
0.62
0.66
0.69
0.67
0.61
0.55
0.55
0.54
0.50
0.54
0.64
0.65
0.62
0.63
0.65
0.65
0.65
0.65
0.65

Economic Parameters

2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064

Page 128

2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%

2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%

2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65
0.65

Economic Parameters

change Rates v United States Dollar

Per
USD
3

1.65
1.65
1.65
1.65
1.65
1.65
1.59
1.46
1.27
1.22
1.15
1.20
1.11
0.98
0.91
0.90
1.13
1.21
1.30
1.46
1.51
1.11
0.92
0.90
0.96
0.83
0.85
0.80
0.85
0.83
0.73
0.77
0.89
0.90
0.94
1.09
1.12
1.06
0.88
0.80
0.81
0.80
0.73
0.68
0.72
0.76
0.72
0.78
0.78
0.79
0.79
0.79
0.79

NKr
Per
USD
4

7.15
7.15
7.15
7.14
7.14
7.14
7.04
6.59
5.77
5.54
5.23
5.47
5.32
5.24
5.06
4.94
5.74
6.45
7.30
8.16
8.60
7.39
6.74
6.52
6.92
6.26
6.49
6.24
7.52
7.05
6.34
6.46
7.08
7.55
7.80
8.81
8.99
7.98
7.08
6.74
6.44
6.41
5.86
5.65
6.29
6.05
5.61
5.82
6.05
6.20
6.20
6.20
6.20

DKr
Per
USD
5

6.91
6.91
6.96
7.50
7.50
7.50
7.43
6.94
6.04
6.09
5.74
6.04
6.00
5.51
5.26
5.63
7.12
8.33
9.14
10.35
10.59
8.09
6.84
6.73
7.31
6.19
6.39
6.04
6.79
6.35
5.60
5.80
6.60
6.70
6.99
8.09
8.33
7.88
6.58
5.99
6.00
5.94
5.44
5.10
5.36
5.63
5.36
5.80
5.83
5.87
5.87
5.87
5.87

THB
Per
USD
6

20.80
20.80
20.80
20.80
20.80
20.80
20.80
20.80
20.49
20.38
20.38
20.40
20.38
20.31
20.39
20.45
21.80
22.98
22.98
23.61
27.13
26.27
25.71
25.27
25.68
25.56
25.54
25.39
25.32
25.16
24.92
25.35
30.93
41.19
37.85
40.20
44.50
43.01
41.52
41.25
40.27
37.92
34.25
33.36
34.33
31.71
30.49
31.49
31.43
31.29
31.29
31.29
31.29

A$
Per
USD
7

0.89
0.89
0.89
0.89
0.89
0.89
0.88
0.84
0.70
0.70
0.76
0.83
0.90
0.87
0.90
0.88
0.87
0.99
1.11
1.14
1.44
1.50
1.43
1.28
1.26
1.28
1.28
1.36
1.47
1.37
1.35
1.28
1.35
1.59
1.55
1.73
1.93
1.84
1.54
1.36
1.31
1.33
1.19
1.20
1.28
1.09
0.97
0.97
1.04
1.10
1.10
1.10
1.10

C$
Per
USD
8

1.08
1.08
1.08
1.08
1.08
1.04
1.01
0.99
1.00
0.98
1.02
0.99
1.06
1.14
1.17
1.17
1.20
1.23
1.23
1.29
1.37
1.39
1.33
1.23
1.18
1.17
1.15
1.21
1.32
1.37
1.37
1.36
1.38
1.48
1.49
1.49
1.55
1.57
1.40
1.30
1.21
1.13
1.07
1.07
1.14
1.03
0.98
1.00
1.04
1.07
1.07
1.07
1.07

NZ$
Per
USD
9

0.72
0.72
0.74
0.89
0.90
0.89
0.87
0.84
0.74
0.72
0.83
1.01
1.03
0.96
0.98
1.03
1.15
1.34
1.50
1.77
1.99
1.91
1.69
1.53
1.67
1.68
1.73
1.86
1.85
1.69
1.51
1.45
1.51
1.87
1.89
2.20
2.38
2.16
1.72
1.51
1.42
1.54
1.36
1.43
1.60
1.39
1.27
1.24
1.35
1.45
1.45
1.45
1.45

Page 129

RBL
Per
USD
10

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.12
2.19
4.55
5.22
5.79
10.13
24.91
28.16
29.21
31.39
30.68
28.80
28.29
27.18
25.57
24.89
31.74
30.38
29.40
31.12
31.50
30.00
30.00
30.00
30.00

IRP
Per
USD
11

4.76
6.36
7.50
7.50
7.50
7.50
7.49
7.59
7.66
8.03
8.41
8.97
8.77
8.20
8.16
7.86
8.66
9.46
10.10
11.36
12.37
12.61
12.96
13.92
16.23
17.50
22.74
25.92
31.37
31.37
32.41
35.37
36.32
41.27
43.06
44.94
47.18
48.57
46.56
45.25
44.06
45.28
41.35
43.53
48.42
45.73
46.68
52.94
52.59
49.75
49.75
49.75
49.75

CNY
Per
USD
12

5.80
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.71
1.89
1.98
2.32
2.94
3.45
3.72
3.72
3.77
4.78
5.32
5.52
5.76
8.60
8.35
8.31
8.29
8.28
8.28
8.28
8.28
8.28
8.28
8.28
8.19
7.97
7.61
6.95
6.83
6.77
6.46
6.31
6.16
5.98
5.98
5.98
5.98

JPY
Per
USD
13

360.00
360.00
360.00
360.00
360.00
360.00
350.68
303.17
271.70
292.08
296.79
296.55
268.51
210.44
219.14
226.74
220.54
249.08
237.51
237.52
238.54
168.52
144.64
128.15
137.96
144.79
134.71
126.65
111.61
102.16
94.01
108.76
121.01
130.78
113.69
107.79
121.51
125.18
115.18
108.13
110.16
116.31
117.76
103.37
93.61
87.74
79.69
79.40
81.00
89.00
89.00
89.00
89.00

UAH
Per
USD
14

3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
3.85
4.35
5.48
5.37
5.33
5.33
5.32
5.10
5.04
5.03
5.28
8.04
7.95
7.99
8.08
8.70
8.60
8.60
8.60
8.60

Per
USD
15

Economic Parameters

0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79
0.79

6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20
6.20

5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87
5.87

31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29
31.29

1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10

1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07
1.07

1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45
1.45

Page 130

30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00
30.00

49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75
49.75

5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98
5.98

89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00
89.00

8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8.60

Economic Parameters

Interest Rates (%)

Per
USD
16

Per
USD
17

Per
USD
18

Per
USD
19

Per
USD
20

Per
USD
20

Per
USD
19

Page 131

Per
USD
20

$
Rate
%
1

Rate
%
2

Rate
%
3

NKr
Rate
%
4

DKr
Rate
%
5

3.26%
3.81%
3.93%
4.44%
5.69%
6.32%
5.40%
5.26%
5.19%
6.15%
7.05%
6.65%
5.68%
6.01%
6.51%
8.55%
11.30%
11.70%
9.51%
10.10%
9.12%
6.92%
7.62%
8.41%
9.32%
8.45%
6.34%
4.25%
3.69%
5.59%
6.24%
5.78%
6.06%
5.55%
5.72%
6.86%
3.86%
2.21%
1.36%
2.12%
4.03%
5.32%
5.12%
3.08%
1.57%
0.92%
0.83%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

6.09%
7.12%
5.58%
7.12%
8.16%
7.12%
5.06%
6.09%
11.83%
12.36%
11.44%
12.01%
9.34%
9.97%
13.23%
15.45%
14.25%
12.67%
10.62%
10.57%
12.05%
10.98%
10.05%
10.89%
14.07%
14.98%
11.39%
9.65%
5.86%
6.43%
7.31%
6.41%
7.36%
7.32%
5.78%
6.53%
5.08%
4.37%
3.87%
4.97%
4.77%
4.98%
6.04%
5.61%
1.94%
1.44%
1.66%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

8.00%
8.00%
8.00%
8.00%
8.00%
7.52%
5.68%
7.90%
11.36%
11.53%
6.75%
10.57%
9.86%
6.67%
12.59%
11.56%
15.26%
12.71%
12.19%
10.69%
8.95%
7.98%
8.00%
9.13%
8.75%
11.25%
10.56%
10.05%
9.94%
5.58%
7.13%
5.03%
3.43%
3.99%
3.21%
3.88%
4.75%
3.34%
2.74%
2.27%
2.34%
3.44%
4.45%
4.81%
1.61%
1.33%
1.97%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

3.91%
4.13%
4.25%
4.28%
4.85%
5.15%
5.28%
5.33%
5.43%
6.13%
11.15%
11.67%
9.13%
9.74%
12.82%
14.90%
13.78%
12.30%
10.35%
10.31%
11.71%
10.69%
14.80%
13.65%
11.33%
11.62%
10.55%
10.83%
6.87%
6.39%
6.01%
5.13%
4.15%
5.64%
6.02%
7.07%
7.09%
6.90%
3.96%
2.18%
2.57%
3.53%
5.34%
6.21%
2.88%
3.01%
3.48%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

7.00%
7.50%
8.00%
6.50%
9.50%
8.50%
8.00%
7.50%
9.50%
10.50%
8.00%
10.50%
9.50%
8.50%
11.50%
11.50%
10.75%
10.50%
7.50%
8.50%
10.50%
9.50%
7.50%
8.50%
12.27%
10.59%
10.13%
16.81%
6.84%
6.27%
5.49%
4.25%
4.07%
4.36%
3.70%
5.46%
4.57%
3.77%
2.45%
2.38%
2.38%
3.56%
4.62%
5.40%
2.66%
1.78%
1.93%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Economic Parameters

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Page 132

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Economic Parameters

THB
Rate
%
6

A$
Rate
%
7

C$
Rate
%
8

NZ$
Rate
%
9

RBL
Rate
%
10

IRP
Rate
%
11

CNY
Rate
%
12

3.26%
3.81%
3.93%
4.44%
5.69%
6.32%
5.40%
5.26%
5.19%
6.15%
7.05%
6.65%
5.68%
6.01%
6.51%
8.55%
11.30%
11.70%
9.51%
10.10%
9.12%
6.92%
7.62%
8.41%
9.32%
8.45%
6.34%
4.25%
3.69%
5.59%
6.24%
5.78%
6.06%
5.55%
5.72%
6.86%
3.86%
2.21%
1.36%
2.12%
4.03%
5.32%
5.12%
3.08%
1.57%
0.92%
0.83%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

4.20%
4.40%
4.30%
4.30%
5.65%
6.50%
5.90%
4.45%
9.25%
9.75%
7.70%
9.44%
9.75%
8.76%
10.12%
12.45%
15.54%
12.13%
8.89%
12.34%
19.56%
14.91%
13.94%
12.94%
16.74%
13.98%
10.03%
6.61%
5.33%
6.72%
8.11%
7.23%
5.52%
5.00%
5.31%
6.40%
4.78%
4.97%
5.06%
5.79%
5.92%
6.31%
7.05%
7.20%
3.74%
5.47%
5.34%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

4.75%
5.25%
6.00%
6.50%
8.00%
6.00%
4.75%
4.75%
7.25%
8.75%
9.00%
8.50%
7.50%
10.75%
14.00%
14.28%
15.14%
10.28%
10.04%
10.57%
9.14%
8.59%
9.50%
11.35%
11.77%
11.27%
7.39%
7.32%
4.43%
8.07%
5.98%
3.56%
4.81%
4.79%
5.66%
5.57%
2.32%
2.96%
3.04%
2.54%
3.05%
4.16%
4.32%
2.63%
0.61%
1.06%
1.15%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

3.27%
3.63%
3.72%
3.72%
3.83%
4.08%
4.34%
4.66%
4.94%
5.02%
5.39%
7.99%
9.87%
9.58%
12.37%
11.83%
12.84%
13.94%
9.06%
13.79%
16.96%
15.98%
18.69%
14.47%
13.19%
13.86%
10.07%
6.81%
6.42%
7.23%
8.88%
8.95%
7.83%
7.43%
5.52%
7.07%
5.65%
5.84%
5.55%
6.25%
6.92%
7.55%
8.58%
7.94%
3.54%
4.18%
3.54%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

3.26%
3.81%
3.93%
4.44%
5.69%
6.32%
5.40%
5.26%
5.19%
6.15%
7.05%
6.65%
5.68%
6.01%
6.51%
8.55%
11.30%
11.70%
9.51%
10.10%
9.12%
6.92%
7.62%
8.41%
9.32%
8.45%
6.34%
4.25%
3.69%
5.59%
6.24%
5.78%
6.06%
5.55%
5.72%
6.86%
3.86%
2.21%
1.36%
2.12%
4.03%
5.32%
5.12%
3.08%
1.57%
0.92%
0.83%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

3.26%
3.81%
3.93%
4.44%
5.69%
6.32%
5.40%
5.26%
5.19%
6.15%
7.05%
6.65%
5.68%
6.01%
6.51%
8.55%
11.30%
11.70%
9.51%
10.10%
9.12%
6.92%
7.62%
8.41%
9.32%
8.45%
6.34%
4.25%
3.69%
5.59%
6.24%
5.78%
6.06%
5.55%
5.72%
6.86%
3.86%
2.21%
1.36%
2.12%
4.03%
5.32%
5.12%
3.08%
1.57%
0.92%
0.83%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

3.26%
3.81%
3.93%
4.44%
5.69%
6.32%
5.40%
5.26%
5.19%
6.15%
7.05%
6.65%
5.68%
6.01%
6.51%
8.55%
11.30%
11.70%
9.51%
10.10%
9.12%
6.92%
7.62%
8.41%
9.32%
8.45%
6.34%
4.25%
3.69%
5.59%
6.24%
5.78%
6.06%
5.55%
5.72%
6.86%
3.86%
2.21%
1.36%
2.12%
4.03%
5.32%
5.13%
3.10%
1.57%
0.93%
0.83%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Page 133

JPY
Rate
%
13

4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.72%
4.33%
4.61%
5.55%
7.91%
6.92%
4.29%
2.96%
2.54%
1.27%
0.84%
0.69%
0.62%
0.26%
0.38%
0.16%
0.10%
0.09%
0.09%
0.10%
0.50%
0.96%
1.13%
0.86%
0.66%
0.56%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

UAH
Rate
%
14

60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
60.25%
24.83%
61.08%
49.17%
30.25%
19.46%
9.46%
7.00%
7.58%
9.21%
8.92%
5.12%
3.08%
1.57%
0.92%
0.83%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Rate
%
15

Rate
%
16

Rate
%
17

Economic Parameters

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Page 134

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Economic Parameters

Global Inflators/Escalators Regime Inflators/Escalators Adjusted Inflators/Escalators

Inflation Rate
(Used for
Capex
Real/Nominal) Escalation
%
%

1.59%
3.01%
2.78%
4.27%
5.46%
5.84%
4.30%
3.27%
6.16%
11.03%
9.20%
5.75%
6.50%
7.62%
11.22%
13.58%
10.35%
6.16%
3.22%
4.30%
3.55%
1.91%
3.66%
4.08%
4.83%
5.39%
4.25%
3.03%
2.96%
2.61%
2.81%
2.93%
2.34%
1.55%
2.19%
3.38%
2.83%
1.52%
2.30%
2.61%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

1.59%
3.01%
2.78%
4.27%
5.46%
5.84%
4.30%
3.27%
6.16%
11.03%
9.20%
5.75%
6.50%
7.62%
11.22%
13.58%
10.35%
6.16%
3.22%
4.30%
3.55%
1.91%
3.66%
4.08%
4.83%
5.39%
4.25%
3.03%
2.96%
2.61%
2.81%
2.93%
2.34%
1.55%
2.19%
3.38%
2.83%
1.52%
2.30%
2.61%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

Inflation Rate
Opex & Tariffs
(Used for
Escalation
Real/Nominal)
%
%

1.59%
3.01%
2.78%
4.27%
5.46%
5.84%
4.30%
3.27%
6.16%
11.03%
9.20%
5.75%
6.50%
7.62%
11.22%
13.58%
10.35%
6.16%
3.22%
4.30%
3.55%
1.91%
3.66%
4.08%
4.83%
5.39%
4.25%
3.03%
2.96%
2.61%
2.81%
2.93%
2.34%
1.55%
2.19%
3.38%
2.83%
1.52%
2.30%
2.61%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

Capex
Escalation
%

Opex & Tariffs

Escalation
%

Page 135

Global Rates adjusted for regime differentials

Inflation
Capex
Rate
Escalation
%
%

1.59%
3.01%
2.78%
4.27%
5.46%
5.84%
4.30%
3.27%
6.16%
11.03%
9.20%
5.75%
6.50%
7.62%
11.22%
13.58%
10.35%
6.16%
3.22%
4.30%
3.55%
1.91%
3.66%
4.08%
4.83%
5.39%
4.25%
3.03%
2.96%
2.61%
2.81%
2.93%
2.34%
1.55%
2.19%
3.38%
2.83%
1.52%
2.30%
2.61%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

1.59%
3.01%
2.78%
4.27%
5.46%
5.84%
4.30%
3.27%
6.16%
11.03%
9.20%
5.75%
6.50%
7.62%
11.22%
13.58%
10.35%
6.16%
3.22%
4.30%
3.55%
1.91%
3.66%
4.08%
4.83%
5.39%
4.25%
3.03%
2.96%
2.61%
2.81%
2.93%
2.34%
1.55%
2.19%
3.38%
2.83%
1.52%
2.30%
2.61%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

Economic Parameters

2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

Page 136

2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

Economic Parameters

nflators/Escalators

justed for regime differentials

Opex & Tariffs
Escalation
%

1.59%
3.01%
2.78%
4.27%
5.46%
5.84%
4.30%
3.27%
6.16%
11.03%
9.20%
5.75%
6.50%
7.62%
11.22%
13.58%
10.35%
6.16%
3.22%
4.30%
3.55%
1.91%
3.66%
4.08%
4.83%
5.39%
4.25%
3.03%
2.96%
2.61%
2.81%
2.93%
2.34%
1.55%
2.19%
3.38%
2.83%
1.52%
2.30%
2.61%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

Regime Inflation (Index)

Inflation
(Used for
Real/Nominal)
Year
Index

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017

100.00
101.59
104.65
107.56
112.15
118.27
125.18
130.56
134.83
143.14
158.93
173.55
183.53
195.46
210.35
233.95
265.72
293.22
311.29
321.31
335.13
347.02
353.65
366.59
381.55
399.98
421.54
439.45
452.77
466.17
478.34
491.78
506.19
518.03
526.06
537.58
555.76
571.48
580.17
593.51
609.00
624.23
639.83
655.83
672.23
689.03
706.26
723.91
742.01
760.56
779.58
799.07
819.04
839.52

Capex
Escalation
Index

100.00
101.59
104.65
107.56
112.15
118.27
125.18
130.56
134.83
143.14
158.93
173.55
183.53
195.46
210.35
233.95
265.72
293.22
311.29
321.31
335.13
347.02
353.65
366.59
381.55
399.98
421.54
439.45
452.77
466.17
478.34
491.78
506.19
518.03
526.06
537.58
555.76
571.48
580.17
593.51
609.00
624.23
639.83
655.83
672.23
689.03
706.26
723.91
742.01
760.56
779.58
799.07
819.04
839.52

Regime Inflation (Factor)

Inflation
Opex & Tariffs
(Used for
Escalation Real/Nominal)
Index
Factor

100.00
101.59
104.65
107.56
112.15
118.27
125.18
130.56
134.83
143.14
158.93
173.55
183.53
195.46
210.35
233.95
265.72
293.22
311.29
321.31
335.13
347.02
353.65
366.59
381.55
399.98
421.54
439.45
452.77
466.17
478.34
491.78
506.19
518.03
526.06
537.58
555.76
571.48
580.17
593.51
609.00
624.23
639.83
655.83
672.23
689.03
706.26
723.91
742.01
760.56
779.58
799.07
819.04
839.52

Page 137

6.14
5.97
5.80
5.57
5.28
4.99
4.78
4.63
4.36
3.93
3.60
3.40
3.19
2.97
2.67
2.35
2.13
2.01
1.94
1.86
1.80
1.77
1.70
1.64
1.56
1.48
1.42
1.38
1.34
1.30
1.27
1.23
1.20
1.19
1.16
1.12
1.09
1.08
1.05
1.03
1.00
0.98
0.95
0.93
0.91
0.88
0.86
0.84
0.82
0.80
0.78
0.76
0.74

Capex
Escalation
Factor

6.14
5.97
5.80
5.57
5.28
4.99
4.78
4.63
4.36
3.93
3.60
3.40
3.19
2.97
2.67
2.35
2.13
2.01
1.94
1.86
1.80
1.77
1.70
1.64
1.56
1.48
1.42
1.38
1.34
1.30
1.27
1.23
1.20
1.19
1.16
1.12
1.09
1.08
1.05
1.03
1.00
0.98
0.95
0.93
0.91
0.88
0.86
0.84
0.82
0.80
0.78
0.76
0.74

Opex & Tariffs

Escalation
Factor

6.14
5.97
5.80
5.57
5.28
4.99
4.78
4.63
4.36
3.93
3.60
3.40
3.19
2.97
2.67
2.35
2.13
2.01
1.94
1.86
1.80
1.77
1.70
1.64
1.56
1.48
1.42
1.38
1.34
1.30
1.27
1.23
1.20
1.19
1.16
1.12
1.09
1.08
1.05
1.03
1.00
0.98
0.95
0.93
0.91
0.88
0.86
0.84
0.82
0.80
0.78
0.76
0.74

Economic Parameters

2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%

2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064

860.51
882.02
904.07
926.67
949.84
973.58
997.92
1022.87
1048.44
1074.66
1101.52
1129.06
1157.29
1186.22
1215.87
1246.27
1277.43
1309.36
1342.10
1375.65
1410.04
1445.29
1481.42
1518.46
1556.42
1595.33
1635.21
1676.10
1718.00
1760.95
1804.97
1850.10
1896.35
1943.76
1992.35
2042.16
2093.21
2145.54
2199.18
2254.16
2310.52
2368.28
2427.49
2488.17
2550.38
2614.14
2679.49

860.51
882.02
904.07
926.67
949.84
973.58
997.92
1022.87
1048.44
1074.66
1101.52
1129.06
1157.29
1186.22
1215.87
1246.27
1277.43
1309.36
1342.10
1375.65
1410.04
1445.29
1481.42
1518.46
1556.42
1595.33
1635.21
1676.10
1718.00
1760.95
1804.97
1850.10
1896.35
1943.76
1992.35
2042.16
2093.21
2145.54
2199.18
2254.16
2310.52
2368.28
2427.49
2488.17
2550.38
2614.14
2679.49

860.51
882.02
904.07
926.67
949.84
973.58
997.92
1022.87
1048.44
1074.66
1101.52
1129.06
1157.29
1186.22
1215.87
1246.27
1277.43
1309.36
1342.10
1375.65
1410.04
1445.29
1481.42
1518.46
1556.42
1595.33
1635.21
1676.10
1718.00
1760.95
1804.97
1850.10
1896.35
1943.76
1992.35
2042.16
2093.21
2145.54
2199.18
2254.16
2310.52
2368.28
2427.49
2488.17
2550.38
2614.14
2679.49

Page 138

0.73
0.71
0.69
0.67
0.66
0.64
0.63
0.61
0.60
0.58
0.57
0.55
0.54
0.53
0.51
0.50
0.49
0.48
0.47
0.45
0.44
0.43
0.42
0.41
0.40
0.39
0.38
0.37
0.36
0.35
0.35
0.34
0.33
0.32
0.31
0.31
0.30
0.29
0.28
0.28
0.27
0.26
0.26
0.25
0.24
0.24
0.23

0.73
0.71
0.69
0.67
0.66
0.64
0.63
0.61
0.60
0.58
0.57
0.55
0.54
0.53
0.51
0.50
0.49
0.48
0.47
0.45
0.44
0.43
0.42
0.41
0.40
0.39
0.38
0.37
0.36
0.35
0.35
0.34
0.33
0.32
0.31
0.31
0.30
0.29
0.28
0.28
0.27
0.26
0.26
0.25
0.24
0.24
0.23

0.73
0.71
0.69
0.67
0.66
0.64
0.63
0.61
0.60
0.58
0.57
0.55
0.54
0.53
0.51
0.50
0.49
0.48
0.47
0.45
0.44
0.43
0.42
0.41
0.40
0.39
0.38
0.37
0.36
0.35
0.35
0.34
0.33
0.32
0.31
0.31
0.30
0.29
0.28
0.28
0.27
0.26
0.26
0.25
0.24
0.24
0.23

Economic Parameters

Fiscal Sensitivities

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 139

Economic Parameters

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 140

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Economic Parameters

Commodity prices

1.00

Brent
US$/bbl

WTI
US$/bbl

Henry Hub
US$/mcf

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.80
1.80
1.80
1.80
1.80
1.80
2.24
2.48
3.29
11.58
11.53
12.38
13.30
13.60
30.03
35.69
34.28
32.90
29.80
28.74
27.61
14.48
18.42
14.96
18.22
23.72
20.11
19.36
17.06
15.97
17.19
20.82
19.31
13.11
18.20
28.90
24.69
25.15
28.76
38.24
54.80
65.64
72.63
97.27
61.70
79.91
111.60
111.91
107.50
100.25
96.00
92.00
93.84

2.92
2.94
3.03
3.07
3.30
3.35
3.56
3.56
3.87
10.37
11.66
12.23
14.22
14.55
25.08
37.96
36.08
33.55
30.36
29.38
27.97
15.12
19.18
15.97
19.57
24.47
21.55
20.56
18.43
17.18
18.39
22.04
20.63
14.42
19.33
30.30
25.90
26.13
31.01
41.38
56.62
66.12
72.28
99.56
61.82
79.51
95.11
95.13
97.50
84.25
85.00
85.51
86.80

0.20
0.21
0.21
0.22
0.23
0.24
0.24
0.25
0.27
0.36
0.64
0.99
1.28
1.30
1.18
1.59
1.98
2.46
2.59
2.66
2.51
1.94
1.67
1.69
1.69
1.71
1.57
1.77
2.22
1.89
1.73
2.77
2.48
2.08
2.26
4.32
3.98
3.36
5.47
5.89
8.92
6.73
6.97
8.84
3.95
4.38
3.99
2.87
4.08
4.36
4.78
5.02
5.12

Page 141

JPY
Per
USD
13.00

360.00
360.00
360.00
360.00
360.00
360.00
350.68
303.17
271.70
292.08
296.79
296.55
268.51
210.44
219.14
226.74
220.54
249.08
237.51
237.52
238.54
168.52
144.64
128.15
137.96
144.79
134.71
126.65
111.20
102.21
94.06
108.78
120.99
130.91
113.91
107.77
121.53
125.39
115.93
108.19
110.22
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00

Economic Parameters

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

95.72
97.63
99.58
101.58
103.61
105.68
107.79
109.95
112.15
114.39
116.68
119.01
121.39
123.82
126.30
128.82
131.40
134.03
136.71
139.44
142.23
145.07
147.98
150.94
153.95
157.03
160.17
163.38
166.65
169.98
173.38
176.85
180.38
183.99
187.67
191.42
195.25
199.16
203.14
207.20
211.35
215.57
219.88
224.28
228.77
233.34
238.01

Page 142

88.54
90.31
92.11
93.96
95.84
97.75
99.71
101.70
103.74
105.81
107.93
110.09
112.29
114.53
116.82
119.16
121.54
123.97
126.45
128.98
131.56
134.19
136.88
139.62
142.41
145.26
148.16
151.12
154.15
157.23
160.37
163.58
166.85
170.19
173.59
177.07
180.61
184.22
187.90
191.66
195.50
199.41
203.39
207.46
211.61
215.84
220.16

5.23
5.33
5.44
5.55
5.66
5.77
5.88
6.00
6.12
6.24
6.37
6.50
6.63
6.76
6.89
7.03
7.17
7.32
7.46
7.61
7.76
7.92
8.08
8.24
8.40
8.57
8.74
8.92
9.10
9.28
9.46
9.65
9.85
10.04
10.24
10.45
10.66
10.87
11.09
11.31
11.54
11.77
12.00
12.24
12.49
12.74
12.99

115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00
115.00

Economic Parameters

Any
Any
Any
Any
Any
Currency Currency Currency Currency Currency etc

Page 143

Economic Parameters

Page 144

AUSTRALIA CONCESSION (LNG) FISCAL MODEL

Tax Marker/Tax Info Data Used by the model is shown in this section
Hidden columns A-F contain the Tax Info data from the asset file
For any issues please contact GEM@woodmac.com
ROYALTY (Integrated projects only)
Upstream
Liquids Royalty Rate (%)

Edit or verify all items in red

<
>

Production
(mbopd)
25.00
50.00
75.00
100.00
100.00

Royalty
(%)
5.00%
5.00%
5.00%
5.00%
5.00%

<
>

Production
(mbopd)
25.00
50.00
75.00
100.00
100.00

Royalty
(%)
5.00%
5.00%
5.00%
5.00%
5.00%

<
>

Production
(mmcfd)
50.00
100.00
150.00
200.00
200.00

Royalty
(%)
5.00%
5.00%
5.00%
5.00%
5.00%

<
>

Production
(bBtu/d)
50.00
100.00
150.00
200.00
200.00

Royalty
(%)
5.00%
5.00%
5.00%
5.00%
5.00%

Plant
Liquids Royalty Rate (%)

Upstream
Gas Royalty Rate (%)

Plant
Gas Royalty Rate (%)

Deductions for Wellhead Value

Royalty Depreciation (Straightline, years)
Single Royalty for Upstream and Plant Gas
% transport costs allowed
% non-transport costs allowed
% Drilling Capex allowed
EXCISE DUTY (Integrated projects only)

10 Years
- (1=Yes, 0=No)
Capex
Opex
0.00%
0.00%
0.00%
0.00%
0.00% % Process Equip Capex allowed
0.00%
Edit or verify all items in red

Condensate Excise (Produced Liquid Stream 2)

0.00%

PETROLEUM RESOURCE RENT TAX (Integrated projects only)

Petroleum Resource Rent Tax (PRRT)
PRRT Tax Rate (%)

Edit or verify all items in red

0.00%

PRRT Loss Carry Forward

PRRT Loss Carried Forward (+ve)
PDL Award Year
GDP Factor %
Threshold Premium - Exploration Costs (LTBR+x%)
Threshold Premium - Development Costs (LTBR+x%)
Cost of Capital (RPM Calculation)
Liquids to BTU Conversion (RPM Calculation)
Onshore Regime Changes to PRRT
CORPORATE INCOME TAX
Asset Ringfenced for Tax Purposes?
Income Tax Rate (%)
Tax Holiday Period (Yrs)
Income Tax Payment Lag (Days)
Income Tax Loss Carried Forward (+ve)
Carry Forward Losses with Interest?

Depreciation
Upstream & Plant
Upstream Tangibles, Offshore (Double Declining Balance)
Plant Tangibles, Onshore (Double Declining Balance)
Upstream Intangibles (Straightline, years)
Upstream E&A (Straightline, years)
Upstream Waterflood Capex (Straightline, years)
Devt. Drilling Costs % Intangible

- A$M
1995
2.00%
15.00%
5.00%
12.00%
5.49
- (1=Yes, 0=No)
Edit or verify all items in red
- (1=Yes, 0=No)
30.00%
-

20
15
1
1
20
0.00%

Years
Days
US$M
(1=Yes, 0=No)

Years
Years
Years
Years
Years

PROJECT TIMELINES

Year

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058

Count
Years

Total
Remaining
Production Production
Years
Years

Producing
Years

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53

Revenue
Earning
Years

Remaining
Revenue
Years

Revenue
Years

2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100

OIL/GAS COSTS ALLOCATION

Oil Capex
Fraction
%

Average
Gas/LNG
Prod'n
mmboe

Oil Opex
Fraction
%

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

GEM Program Data

Do not edit data in these columns
These are required by the GEM program

Tax Paid/Earned
Tax Synergies
Entitlement Basis

0 0=Paid, 1=Earned
0 1=Apply; 0=do not apply
0 0=Method 1, 1=Method 2

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

Tax Calculations

BONUSES

ROYALTY
Liquids Royalty (Upstream)

Year

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057

Upstream
Gross Liquids
Revenue
US$M

US$M

Liquids
Royalty
Deductions
US$M

Liquids
Royalty
Income Pre Loss
US$M

Page 151

Liquids
Royalty
Loss c/f
US$M

Liquids
Royalty
Rate
%

Net Liquids
Revenue
US$M

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Tax Calculations

2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Page 152

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Tax Calculations

Liquids Royalty (Plant)

Upstream
Liquids
Royalty
US$M

Plant
Gross Liquids
Revenue
US$M

Gas Royalty (Upstream)

Liquids Plant
Royalty Liquids
Rate
Royalty
%
US$M

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Upstream
Gross Gas
Revenue
US$M

Gas Royalty
Gas Royalty
Deductions Income Pre Loss
US$M
US$M

Page 153

Gas Royalty
Loss c/f
US$M

Tax Calculations

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Page 154

Tax Calculations

Gas Royalty (Plant)

Upstream Upstream
Gas Royalty
Gas
Rate
Royalty
%
US$M

Net Gas
Revenue
US$M

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Plant
Gross Gas Gas Royalty
Gas Royalty
Revenue Deductions Income Pre Loss
US$M
US$M
US$M

Page 155

Gas Royalty
Loss c/f
US$M

Plant Gas
Royalty
Rate
%

Net Gas
Revenue
US$M

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Tax Calculations

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Page 156

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Tax Calculations

EXCISE DUTY
Plant
Gas
Royalty
US$M

Total
Royalty
US$M

Condensate
Revenue
US$M

PETROLEUM RESOURCE RENT TAX

Excise
Rate
%

Gross
Revenue
A$M

Excise
US$M

Operating
Costs
A$M

32
-

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Page 157

Tax Calculations

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Page 158

Tax Calculations

LEUM RESOURCE RENT TAX (PRRT)

Operating
Profit/Loss
A$M

Loss
Carry Fwd
A$M

Income for
Capex Offset
A$M

Dev Capex
Loss Carry Fwd
Interest Rate
%

Capital
Costs
A$M

11.31%
12.05%
12.20%
8.74%
10.47%
10.34%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%

Page 159

Loss c/f
Interest
A$M

Loss
Carry Fwd
A$M

Income for LTBR

E&A Offset
A$M

Tax Calculations

10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%

Page 160

Tax Calculations

Expl Capex
for
LTBR Inflator
A$M

Expl Capex
Loss Carry Fwd
Interest Rate
%

21.31%
22.05%
22.20%
18.74%
20.47%
20.34%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%

Loss c/f
Interest
A$M

Loss
Carry Fwd
A$M

Expl Capex
Expl Capex
Income for GDP
for
Loss Carry Fwd
E&A Offset
GDP Inflator
GDP Factor
A$M
A$M
%

Page 161

3.10%
3.80%
3.70%
1.30%
2.60%
2.60%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%

Loss c/f
Interest
A$M

Tax Calculations

20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%

Page 162

2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%

Tax Calculations

Royalty Offset
Loss
Carry Fwd
A$M

Income for
Abandonment
Offset
A$M

Abandonment
Costs
A$M

Unrelieved
Abandonment
c/f
A$M

Taxable
Income
A$M

PRRT
Tax Rate
%

PRRT
Tax
US$M

Royalty
and Excise
US$M
-

Page 163

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Tax Calculations

Page 164

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Tax Calculations

Royalty Offset
Royalty
Allowance
US$M

Loss
Carry Fwd
US$M

Net
PRRT
US$M

Royalty
Credit
US$M

Abandon.
Repayment
US$M

PRRT Revenue Calculations (RPM)

Cost Plus (Upstream)
Total
Dry Gas
Liquids
Energy
mmbtu
mmbtu
mmbtu

PRRT
Tax Paid
US$M

Page 165

Tax Calculations

Page 166

Tax Calculations

Volume Coefficient
Energy
Coefficient
%

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Va
TJ

Va
Post Ve
TJ

Ve
TJ

Vb
TJ

Volume
Coefficient
%

Upstream
Opex
A$M

Opex
Allocation
A$M

Upstream
Capex
A$M

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Page 167

Tax Calculations

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Page 168

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Tax Calculations

Pre-Prod
Capex
A$M

RPM Cost
of Capital
%

12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%

Rolled-up
Capex
A$M

Capex
Perpetuity
A$M

Capex
Allocation
A$M

Cost
Plus Price
A$/btu

Page 169

Netback (Downstream)
LNG
Downstream
Revenue
Opex
A$M
A$M

Tax Calculations

12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%

Page 170

Tax Calculations

Downstream
Capex
A$M

Pre-Prod
Capex
A$M

RPM Cost
of Capital
%

12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%

Rolled-up
Capex
A$M

Capex
Perpetuity
A$M

Volume
Coefficient
%

Capex
Allocation
A$M

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Page 171

Netback
Price
A$/btu

Tax Calculations

12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%

Page 172

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Tax Calculations

CORPORATE INCOME TAX

RPM
Price
A$/btu

RPM
(PRRT Gas)
Revenue
A$M

Feedgas
Volume
mmbtu

Gross
Revenue
US$M

Operating
Costs
US$M

Abandonment
Costs
US$M

Page 173

Royalty
US$M

Depreciation
US$M

Tax Calculations

Page 174

Tax Calculations

Taxable
Income Pre Loss
US$M

Loss c/f
Interest Rate
%

Loss c/f
Interest
US$M

Loss
Carry Fwd
US$M

Taxable
Income
US$M

Tax
Holiday
Count

Page 175

Income
Tax Rate
%

Income
Tax
US$M

Income
Tax Paid
US$M

Tax Calculations

Page 176

Tax Calculations

Income
Tax Overhang
US$M

Page 177

Tax Calculations

Page 178

DEDUCTIONS
Royalty Deductions (Upstream)

Year

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057

Liquids
Tariffs
US$M

Gas
Tariffs
US$M

Other
Transport
Opex
US$M

Additional
Opex
Allowed
US$M

Transport
Capex
US$M

Additional
Capex
Allowed
US$M

Cumulative
Pre-Prod
Capex
US$M

Upstream
Depreciables
US$M

Post-Revenue
Start
Years

2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Royalty Deductions (Plant - Gas)

Cumulative
Upstream
Depreciables
US$M

Upstream
Royalty
Depreciation
US$M

Plant
Gas
Tariffs
US$M

Other Plant Additional

Transport Plant Opex
Opex
Allowed
US$M
US$M

Plant
Transport
Capex
US$M

Plant
Addit. Capex
Allowed
US$M

Cumulative
Pre-Prod
Capex
US$M

Plant
Depreciables
US$M

ABANDONMENT
Economic Cut-Off applied? (1=yes)
Post-Revenue
Start
Years

Cumulative
Plant
Depreciables
US$M

Plant
Royalty
Depreciation
US$M

Operating
Profit
A$M

Economic
Cut-Off
Factor

Abandonment
Costs (real)
A$M

Abandonment
Costs
A$M

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Upstream

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Income Tax Depreciation

Tangible Tangible Intangible
Upstream Plant
Upstream E&A Sunk Costs
Capex
Capex
Capex
Capex
Oil
US$M
US$M
US$M
US$M
US$M

Sunk Costs
Gas
US$M

Other
Capex
US$M

Cumulative
Pre-Prod
Tangibles
US$M

Upstream
Tangible
Depreciables
US$M

Cumulative
Pre-Prod
Tangibles
US$M

Plant
Tangible
Depreciables
US$M

Cumulative
Pre-Prod
Intangibles
US$M

Intangible
Depreciables
US$M

Cumulative
Pre-Prod
E&A
US$M

E&A
Depreciables
US$M

Cumulative
Pre-Prod
Waterflood
US$M

Waterflood
Depreciables
US$M

Post-Revenue
Start
Years

Upstream
Upstream
Pre-1990
1990-1992
Cum.Tangible Cum.Tangible
Depreciables Depreciables
US$M
US$M

Upstream
1992-Sep'99
Cum.Tangible
Depreciables
US$M

Upstream
Sep'99-Jul'02
Cum.Tangible
Depreciables
US$M

Upstream
Jul'02-May06
Cum.Tangible
Depreciables
US$M

Upstream
Post May06
Cum.Tangible
Depreciables
US$M

Plant
Plant
Pre-1990
1990-1992
Cum.Tangible Cum.Tangible
Depreciables Depreciables
US$M
US$M

Plant
1992-Sep'99
Cum.Tangible
Depreciables
US$M

Plant
Sep'99-Jul'02
Cum.Tangible
Depreciables
US$M

Plant
Jul'02-May06
Cum.Tangible
Depreciables
US$M

Plant
Post May06
Cum.Tangible
Depreciables
US$M

Cumulative
Intangible
Depreciables
US$M

Cumulative
E&A
Depreciables
US$M

Cumulative
Waterflood
Depreciables
US$M

Upstream
Pre-1990
Tangible
Depreciation
US$M

Upstream
Upstream
Upstream
Upstream
1990-1992
1992-Sep'99 Sep'99-Jul'02 Jul'02-May'06
Tangible
Tangible
Tangible
Tangible
Depreciation Depreciation Depreciation Depreciation
US$M
US$M
US$M
US$M

Upstream
Jul'02-May'06
Undepreciated
Balance
US$M

Upstream
Post May'06
Tangible
Depreciation
US$M

Upstream
Post May'06
Undepreciated
Balance
US$M

Plant
Pre-1990
Tangible
Depreciation
US$M

Plant
Plant
Plant
Plant
1990-1992
1992-Sep'99 Sep'99-Jul'02 Jul'02-May'06
Tangible
Tangible
Tangible
Tangible
Depreciation Depreciation Depreciation Depreciation
US$M
US$M
US$M
US$M

Plant
Jul'02-May'06
Undepreciated
Balance
US$M

Plant
Post May'06
Tangible
Depreciation
US$M

Plant
Post May'06
Undepreciated
Balance
US$M

Upstream
Tangible
Depreciation
US$M

Plant
Tangible
Intangible
E&A
Waterflood
Depreciation Depreciation Depreciation Depreciation
US$M
US$M
US$M
US$M

Cumulative
Depreciables
US$M

Cumulative
Depreciation
US$M

Undepreciated Remaining
Balance
Life
US$M
Years

TAX RATES
Liquids (Upstream) - Production Rate Based
Final Year
Income Tax
Depreciation Depreciation
US$M
US$M

Remaining Tax
Depreciation
US$M

Liquids
Production Production Production Production Production
Production
Tier 1
Tier 2
Tier 3
Tier 4
Tier 5
mbopd
mbopd
mbopd
mbopd
mbopd
mbopd

Liquids (Plant) - Production Rate Based

Liquids
Royalty
Rate
%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Plant
Plant
Plant
Plant
Plant
Plant
Liquids
Production Production Production Production Production
Production
Tier 1
Tier 2
Tier 3
Tier 4
Tier 5
mbopd
mbopd
mbopd
mbopd
mbopd
mbopd

Liquids
Royalty
Rate
%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Gas (Upstream) - Production Rate Based

Gas (Plant) - Production Rate Based

Gas
Production Production Production Production Production
Production
Tier 1
Tier 2
Tier 3
Tier 4
Tier 5
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd
mmcfd

Gas
Royalty
Rate
%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Plant
Plant
Gas
Production
Production
Tier 1
bBtu/d
bBtu/d

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

t) - Production Rate Based

Unrelieved PRRT Interest Rates

Plant
Plant
Plant
Plant
Production Production Production Production
Tier 2
Tier 3
Tier 4
Tier 5
bBtu/d
bBtu/d
bBtu/d
bBtu/d

Gas
Royalty
Rate
%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Historic
Years

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011

Historic
GDP Factor

GDP
Factor
Years

2.00%
2.40%
6.30%
5.10%
7.00%
7.20%
4.00%
3.90%
2.60%
4.10%
1.30%
2.60%
3.50%
0.90%
4.10%
3.00%
3.40%
3.20%
-2.30%
4.60%
5.20%
4.80%
2.10%
5.40%
4.50%
2.90%
-0.30%
0.60%
4.00%
3.80%
4.10%
4.20%
3.90%
4.40%
5.20%
4.00%
2.00%
3.80%
3.20%
4.10%
2.80%
3.10%
3.80%
3.70%
1.30%
2.60%
2.60%

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057

3.10%
3.80%
3.70%
1.30%
2.60%
2.60%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%

Income Tax Rate

PRRT Tax Rate

LTBR
Rate
%

6.31%
7.05%
7.20%
3.74%
5.47%
5.34%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Threshold Threshold
Rate
Rate
Expl. Costs Dev. Costs
%
%

21.31%
22.05%
22.20%
18.74%
20.47%
20.34%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%

11.31%
12.05%
12.20%
8.74%
10.47%
10.34%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%

Historic
Years

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002

Historic
Tax Rates
%

40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%

Years

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057

PRRT
Tax Rate
%

40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

Historic
Years

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011

Historic
Tax Rates
%

49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
49.00%
39.00%
39.00%
39.00%
39.00%
39.00%
36.00%
33.00%
36.00%
36.00%
36.00%
36.00%
36.00%
35.00%
32.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%

Year

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057

5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%

10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%

2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Income
Tax Rate
%

30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%

30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%

Summary Asset Outputs

Year

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053

Depreciation
US$M

Upstream
Upstream
Liquids Royalty Gas Royalty
US$M
US$M

Royalty
US$M

PRRT
US$M

Excise
US$M

Remaining Tax
Depreciation
US$M

Ringfenced
Taxable
Income
US$M

2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Ringfenced Ringfenced
Income
Income
Tax Earned
Tax Paid
US$M
US$M

Entitlement Entitlement
Plant
Plant
Barrels
Gas
Gas into Plant Gas out Plant
000 b/d
mmcfd
bbtu/d
bbtu/d

Plant
Losses
bbtu/d

LNG
Output
mmtpa

Plant
Capacity
mmtpa

Bonuses
US$M

ENTITLEMENTS

FISCAL SYNERGIES
DEPRECIATION

Effective
Royalty
%

Entitlement
Barrels
000 b/d

Effective
Royalty
%

Entitlement
Gas
mmcfd

Upstream Tangible
Tangible
Plant
Intangible
Capex
Capex
Capex
US$M
US$M
US$M

E&A
Capex
US$M

Sunk Costs
Liquids
US$M

Sunk Costs Other

Gas
Capex
US$M
US$M

Project
Year
Years

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48

Upstream
Upstream
Pre-1990
1990-1992
Cum.Tangible Cum.Tangible
Depreciables Depreciables
US$M
US$M

Upstream
1992-Sep'99
Cum.Tangible
Depreciables
US$M

Upstream
Sep'99-Jul'02
Cum.Tangible
Depreciables
US$M

Upstream
Jul'02-May06
Cum.Tangible
Depreciables
US$M

49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100

Upstream
Post May06
Cum.Tangible
Depreciables
US$M

Plant
Plant
Pre-1990
1990-1992
Cum.Tangible Cum.Tangible
Depreciables Depreciables
US$M
US$M

Plant
1992-Sep'99
Cum.Tangible
Depreciables
US$M

Plant
Sep'99-Jul'02
Cum.Tangible
Depreciables
US$M

Plant
Jul'02-May06
Cum.Tangible
Depreciables
US$M

Plant
Post May06
Cum.Tangible
Depreciables
US$M

Cumulative
Intangible
Depreciables
US$M

Cumulative
E&A
Depreciables
US$M

Cumulative
Other
Depreciables
US$M

Upstream
Upstream
Upstream
Upstream
Upstream
Pre-1990
1990-1992
1992-Sep'99 Sep'99-Jul'02 Jul'02-May'06
Tangible
Tangible
Tangible
Tangible
Tangible
Depreciation Depreciation Depreciation Depreciation Depreciation
US$M
US$M
US$M
US$M
US$M

Upstream
Jul'02-May'06
Undepreciated
Balance
US$M

Upstream
Post May'06
Tangible
Depreciation
US$M

Upstream
Post May'06
Undepreciated
Balance
US$M

Plant
Plant
Plant
Plant
Plant
Pre-1990
1990-1992
1992-Sep'99 Sep'99-Jul'02 Jul'02-May'06
Tangible
Tangible
Tangible
Tangible
Tangible
Depreciation Depreciation Depreciation Depreciation Depreciation
US$M
US$M
US$M
US$M
US$M

Plant
Jul'02-May'06
Undepreciated
Balance
US$M

Plant
Post May'06
Tangible
Depreciation
US$M

Plant
Post May'06
Undepreciated
Balance
US$M

Upstream
Plant
Tangible
Tangible
Intangible
E&A
Other
Total
Depreciation Depreciation Depreciation Depreciation Depreciation Depreciation
US$M
US$M
US$M
US$M
US$M
US$M

CORPORATE INCOME TAX

Remaining Tax
Depreciation
US$M

Abandonment Oil Capex

Capex
Fraction
US$M
%

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

Total
Opex
US$M

Oil Opex
Fraction
%

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

Gross Operating Abandonment

Revenue
Costs
Capex
US$M
US$M
US$M

Royalty
US$M

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

CASH FLOW DIFFERENCE

Depreciation
US$M

Taxable
Income
US$M

Tax
Income
Holiday Tax Rate
Count
%

Income
Tax
US$M

Revised
Income
Tax Paid
US$M

Income
Tax Overhang
US$M

Without Fiscal Synergy

Contractor
Contractor
Other Taxes
Income Tax
US$M
US$M

MODEL CHECKS

DIFFERENCE
Contractor
Net
US$M

With Fiscal Synergy

Contractor
Contractor
Other Taxes
Income Tax
US$M
US$M

Contractor
Contractor
Net
CashFlow Diff.
US$M
US$M

Pre Tax Cash Flow

After Tax Cash Flow
Govt Take
Total PV
Rem PV

Fiscal Synergies:
Total Taxable Income (Income Tax)
With Synergies
Without Synergies
-

Check
Pass
Pass
Pass
Pass
Pass

SCF
-

PV Table
-

Exp CF Pre-Tax CF Govt Take CF

-

Ent CF

Std CF

Company Tax Calc

Company Totals

Year

Depreciation
US$M

Upstream
Liquids Royalty
US$M

Upstream
Gas Royalty
US$M

Total
Royalty
US$M

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053

Page 235

PRRT
US$M

Excise
US$M

Remaining Tax
Depreciation
US$M

Ringfenced
Taxable
Income
US$M

Company Tax Calc

2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Page 236

Company Tax Calc

Ringfenced Ringfenced
Income
Income
Tax Earned
Tax Paid
US$M
US$M

Entitlement
Barrels
000 b/d

Entitlement
Plant
Plant
Gas
Gas into PlantGas out Plant
mmcfd
bbtu/d
bbtu/d

Page 237

Plant
Losses
bbtu/d

LNG
Output
mmtpa

Plant
Capacity
mmtpa

Company Tax Calc

Page 238

Company Tax Calc

CORPORATE PRRT
Offset of Transferable E&A Costs

Bonuses
US$M

PRRT
To Pay
US$M

PRRT
Tax Rate
%

40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%

Taxable Income
Pre-Loss
US$M

Transferable
E&A Costs
US$M

Loss
Carry Fwd
US$M

Page 239

Taxable
Income
US$M

PRRT
Tax Rate
%

40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%

PRRT
Tax
US$M

Company Tax Calc

40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%

Page 240

40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%

Company Tax Calc

CORPORATE INCOME TAX

PRRT
Tax Paid
US$M

Gross
Revenue
US$M

Operating
Costs
US$M

Abandonment
Costs
US$M

Royalty/
PRRT
US$M

Page 241

Depreciation
US$M

Corporate
Offsets
US$M

Taxable
Income Pre Loss
US$M

Company Tax Calc

Page 242

Company Tax Calc

Loss c/f
Interest Rate
%

Loss c/f
Loss
Interest Carry Fwd
US$M
US$M

Taxable
Income
US$M

Tax
Holiday
Count

Income
Tax Rate
%

Paid
Income
Tax
US$M

Income
Tax
US$M

Page 243

Income
Tax Overhang
US$M

Company Marker

Company Tax Calc

Page 244

Company Tax Calc

GEM Program Data

Do not edit data in these columns
These are required by the GEM program

Company Marker

0 (1=company;0=field)

Page 245

Company Tax Calc

Page 246

INPUT DATA

Year

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064

WI
Oil Revenue
US$M

WI
Ent.
Ent Revenue
Ent.
Gas Revenue Oil Revenue Oil Adjust
Gas Revenue
US$M
US$M
US$M
US$M
-

Ent Revenue
Tariff
Gas Adjust
Revenue
US$M
US$M
-

WI
WI
Ent.
Ent.
Oil Production Gas Production Oil Production Gas Production
000b/d
mmcfd
000b/d
mmcfd
22
24
-

E&A
Capital Costs
US$M

Sunk
Capital Costs
US$M

Development
Capital Costs
US$M

Transport
Capital Costs
US$M

Abandonment
Capital Costs
US$M

Bonus
Capital Costs
US$M
2

Field
Operating Costs
US$M

Transport
Operating Costs
US$M

G&A
Operating Costs
US$M

Leasing
Operating Costs
US$M

Interest
Rate
%

3.26%
3.81%
3.93%
4.44%
5.69%
6.32%
5.40%
5.26%
5.19%
6.15%
7.05%
6.65%
5.68%
6.01%
6.51%
8.55%
11.30%
11.70%
9.51%
10.10%
9.12%
6.92%
7.62%
8.41%
9.32%
8.45%
6.34%
4.25%
3.69%
5.59%
6.24%
5.78%
6.06%
5.55%
5.72%
6.86%
3.86%
2.21%
1.36%
2.12%
4.03%
5.32%
5.12%
3.08%
1.57%
0.92%
0.83%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Oil
Gas
Royalty Royalty
US$M US$M
10
22
14
30
-

Income Tax Income Tax Income Tax Income Tax Other1 Other2 Other3 Other4 Other5
Profits
Losses
Overhang
Tax
Tax
Tax
Tax
Tax
US$M
US$M
US$M
US$M
US$M US$M US$M US$M US$M
110
113
117
119
69
36
-

Tax
Tax
Paid by
Paid by
State Oil State Gas
US$M
US$M
-

Income
Tax Rate
%
139

Oil
Govt Profit Share
US$M
-

Gas
Govt Profit Share
US$M
-

Annual
Tax Depreciation
US$M
89

Remaining
Tax Depreciation
US$M
90

Post Tax
Net Cash Flow
US$M

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%

Exchange
Rate Conversion

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

INPUT DATA

Year

1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059
2060
2061
2062
2063
2064

WI
Oil Revenue
US$M

WI
Ent.
Ent Revenue
Ent.
Gas Revenue Oil Revenue Oil Adjust
Gas Revenue
US$M
US$M
US$M
US$M
-

Ent Revenue
Tariff
Gas Adjust
Revenue
US$M
US$M
-

WI
WI
Ent.
Ent.
Oil Production Gas Production Oil Production Gas Production
000b/d
mmcfd
000b/d
mmcfd
12
13
-

E&A
Capital Costs
US$M

Sunk
Capital Costs
US$M

Development
Capital Costs
US$M

Transport
Capital Costs
US$M

Abandonment
Capital Costs
US$M

Bonus
Capital Costs
US$M
19

Field
Operating Costs
US$M

Transport
Operating Costs
US$M

G&A
Operating Costs
US$M

Leasing
Operating Costs
US$M

Interest
Rate
%

3.26%
3.81%
3.93%
4.44%
5.69%
6.32%
5.40%
5.26%
5.19%
6.15%
7.05%
6.65%
5.68%
6.01%
6.51%
8.55%
11.30%
11.70%
9.51%
10.10%
9.12%
6.92%
7.62%
8.41%
9.32%
8.45%
6.34%
4.25%
3.69%
5.59%
6.24%
5.78%
6.06%
5.55%
5.72%
6.86%
3.86%
2.21%
1.36%
2.12%
4.03%
5.32%
5.12%
3.08%
1.57%
0.92%
0.83%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%

Oil
Gas
Royalty Royalty
US$M US$M
5
-

Income Tax Income Tax Income Tax Income Tax Other1 Other2 Other3 Other4 Other5
Profits
Losses
Overhang
Tax
Tax
Tax
Tax
Tax
US$M
US$M
US$M
US$M
US$M US$M US$M US$M US$M
37
40
44
46
29
7
-

Tax
Tax
Paid by
Paid by
State Oil State Gas
US$M
US$M
-

Income
Tax Rate
%

Oil
Govt Profit Share
US$M
-

Gas
Govt Profit Share
US$M
-

Annual
Tax Depreciation
US$M
2

Remaining
Tax Depreciation
US$M
8

Post Tax
Net Cash Flow

Exchange
Rate Conversion

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Summary Cash Flow

Name :

Year

Upstream Production
Liquids
Gas
000 b/d
mmcfd
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058

Plant
Plant
Plant
Liquids Gas into Plant Gas out Plant
000 b/d
bbtu/d
bbtu/d
3.00
-

Page 251

Plant
Losses
bbtu/d

LNG
Output
mmtpa

Plant
Capacity
mmtpa

Gross
Revenue
$M

Summary Cash Flow

2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

PV Values
10.0%
Discounted from

Total PV
Remaining PV
May

2006

Page 252

Summary Cash Flow

Op
Costs
$M

Capital
Costs
$M

Royalty

Corp.
Tax
$M

Bonus

$M

PRRT/
Excise
$M

Page 253

$M

State State Equity Company

Carry Cash Flow Cash Flow
$M
$M
$M

Total Field
Cash Flow
$M

Summary Cash Flow

Page 254

Summary Cash Flow

Fiscal
Adjusted
Synergies Cash Flow
$M
$M

Page 255

Summary Cash Flow

Page 256

Summary Cash Flow

Field
CompAbMark
SCFLinkedtoPVCalcs
Cash Flow Gov. Take

Real/Currency Switch

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 257

Discount Rate %
Discount Date
Rem. PV
Pre-tax PV

Summary Cash Flow

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 258

Summary Cash Flow

10.0%
2005
-

Cut-off

Operating
Profit

Page 259

Summary Cash Flow

Page 260

Summary Cash Flow

Company
Cut-Off

Cut-Off

Abandonment
Costs (real)

Abandonment AbandonmenLiquids
Costs Incurred
Costs
Conv.
1.0

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 261

0.365

0.365

Summary Cash Flow

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 262

Summary Cash Flow

Gas1
Conv.
1.0

0.064

0.064

Page 263

Summary Cash Flow

Page 264

PVCalcs

Name :

Year

Upstream Production
Liquids
Gas
000 b/d
mmcfd
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058

Plant
Plant
Plant
Liquids as into Plant as out Plant
000 b/d
bbtu/d
bbtu/d
3.00
-

Page 265

Plant
Losses
bbtu/d

LNG
Output
mmtpa

Plant
Capacity
mmtpa

Gross
Revenue
$M

PVCalcs

2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

PV Values
10.0%
Discounted from

Total PV
Remaining PV
May

2006

Page 266

PVCalcs

Op
Costs
$M

Capital
Costs
$M

Royalty

Corp.
Tax
$M

Bonus

$M

PRRT/
Excise
$M

Page 267

$M

State State Equity

Carry Cash Flow
$M
$M

Company
Cash Flow
$M

Total Field
Cash Flow
$M

PVCalcs

Page 268

PVCalcs

Fiscal
Synergies
$M

Adjusted
Cash Flow
$M

Page 269

PVCalcs

Page 270

PVCalcs

Currency
Real/nominal

Cash Flow Gov. Take

Year

Total Field
Cash Flow

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058

Page 271

Pre-tax
Cash Flow

State Equity Company

Cash flow
Cash flow

PVCalcs

2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Page 272

PVCalcs

Liquids Units
Gas Units

Year

Remaining Cash Flow

Pre-tax
State Equity Company

Post-Tax

2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057

Oil
Reserves
000b/d
-

Page 273

Gas
Reserves
Mmcfd
-

Cum. Rev.

Payback

PVCalcs

2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104

Page 274

PVCalcs

Capex

Opex

Gov.
Take

Rem
Gov.Take

Currency
Index

Real/
Nominal

Liquids
Conv.
1.0

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 275

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.0
0.365

PVCalcs

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Page 276

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

PVCalcs

Gas1
Conv.
1.0

1.0

1.0

1.0

1.0

1.0
0.064

Page 277

1.0

1.0

PVCalcs

Page 278

PV Table

Name :
Discount
Rate
%

- FULL FIELD CASH FLOW ANALYSIS

Total PV
post-tax
$M

5.00
7.00
8.00
9.00
10.00
11.00
12.00
15.00
25.00

Remaining PV
post-tax
pre-tax
$M
$M

pre-tax
$M
-

Remaining PV/boe
post-tax
pre-tax
$M
$M
-

Discount Date
Remaining Liquid Reserves (mmbbls)
Remaining Gas Reserves (bcf)
Total Remaining Reserves (mmboe)
Total Reserves (mmboe)
Company IRR (post-tax)
Pre-tax IRR
Payback Period (years)
Reserve life at current production (years)

Name :
Discount
Rate
%
5.00
7.00
8.00
9.00
10.00
11.00
12.00
15.00
25.00

May-2006
#N/A
#N/A
No Production

Total
Gov. Take
%
-

IRR Guesses

COMPANY EQUITY CASH FLOW ANALYSIS

Total
PV
$M

Remaining
PV

Remaining
PV/boe
$M

P/I
Ratio

$M
-

Discount Date
Remaining Liquid Reserves (mmbbls)
Remaining Gas Reserves (bcf)
Total Remaining Reserves (mmboe)
Total Reserves (mmboe)
Company IRR (post-tax)
Pre-tax IRR
Payback Period (years)
Reserve life at current production (years)

Name :
Discount
Rate

Total
Gov. Take
$M

May-2006
#N/A
#N/A
No Production

STATE EQUITY CASH FLOW ANALYSIS

Total
PV

Remaining
PV

Remaining Total
PV/boe Gov. Take

Total
Gov. Take

Page 279

Remaining
Gov. Take

Remaining
Gov. Take

#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A

PV Table

- $M
5.00
7.00
8.00
9.00
10.00
11.00
12.00
15.00
25.00

$M
-

Discount Date
Remaining Liquid Reserves (mmbbls)
Remaining Gas Reserves (bcf)
Total Remaining Reserves (mmboe)
Total Reserves (mmboe)
Company IRR (post-tax)
Pre-tax IRR
Payback Period (years)
Reserve life at current production (years)

$M
-

%
-

$M
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A

May-2006
#N/A
#N/A
No Production

Page 280

%
-

#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A

PV Table

Remaining
Gov. Take
$M

Remaining
Gov. Take
%

P/I
Ratio

Capex
boe
$

#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A

Opex
boe
$
-

Page 281

PV Table

Page 282

Expanded Cash Flow

Name :

Year

Upstream Production
Liquids
Gas
000 b/d
mmcfd

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054

Plant
Liquids
000 b/d

Plant
Gas in
bbtu/d

Plant
Gas out
bbtu/d

Plant
Losses
bbtu/d

LNG
Output
mmtpa

Page 283

Plant Upstream
Capacity Liq. Price
mmtpa $/bbl

Upstream
Gas Price
$/mcf

Expanded Cash Flow

2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

PV Values
10.0%
Discounted from

Total PV
Remaining PV
May

2006

Page 284

Expanded Cash Flow

Plant
Liq. Price
$/bbl

LNG Price LNG Price

Gross
Losses (Incl Losses (Excl Revenue
$/mmbtu
$/mmbtu
US$M

Op
Costs
US$M

E&A
Costs
US$M

Page 285

Capital Abandon.
Costs
Costs
US$M
US$M

Royalty
US$M

PRRT/
Excise
US$M

Deprec/
iation
US$M

Expanded Cash Flow

Page 286

Expanded Cash Flow

Corp.
Tax
US$M

Cash
Flow
US$M

Fiscal
Adjusted
Synergies Cash Flow
US$M
US$M

Page 287

Expanded Cash Flow

Page 288

Pre-Tax Cash Flow

Name :
Year

Upstream
Liquids
Production
000 b/d

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058

Upstream
Gas
Production
mmcfd

Plant
Plant
Liquids
Gas in
Production
000 b/d
bbtu/d

Plant
Gas out

Plant
Losses

LNG
Output

Plant
Capacity

bbtu/d

bbtu/d

mmtpa

mmtpa

Page 289

Average
Upstream
Liq. Price
$/bbl

Average
Upstream
Gas Price
$/mcf

Pre-Tax Cash Flow

2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

PV Values
10.0%
Discounted from

Total PV
Remaining PV
May

2006

Page 290

Pre-Tax Cash Flow

Plant
Liquids
Price
$/bbl

LNG Price
Including
Losses
$/mmbtu

LNG Price Liquids

Gas
Tariff
Excluding Revenues Revenues Receipts
Losses
$/mmbtu US$M
US$M
US$M

Capital
Receipts

Total
Exploration Capital
Revenues Costs
Costs

Abandon.
Costs

US$M

US$M

US$M

Page 291

US$M

US$M

Pre-Tax Cash Flow

Page 292

Pre-Tax Cash Flow

Total
Capex

Field
Opex

Transport Plant
Opex
Opex

Other
Opex

Total
Opex

US$M

US$M

US$M

US$M

US$M

US$M

Pre-Gov.
Take
Cash Flow
US$M

Page 293

Pre-Tax Cash Flow

Page 294

Government Take Cash Flow

Name :

Year

Royalty

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054

Corp.
Tax
US$M

Bonus

US$M

PRRT/
Excise
US$M

Total
Gov. Take
US$M
US$M

Fiscal
Adjusted
Synergies Cash Flow
US$M
US$M

Page 295

Government Take Cash Flow

2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

PV Values
10.0%
Discounted from

May

2006

Page 296

Standard Cash Flow

Name :

Year

Production
Liquids
Gas
000 b/d
mmcfd

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058

Gross
Revenue
US$M

Op
Costs
US$M

Capital
Costs
US$M

Royalty

Page 297

US$M

Gov.
Take
US$M

State
Carry
US$M

Cash
Flow
US$M

Standard Cash Flow

2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

PV Values
10.0%
Discounted from

Total PV
Remaining PV
May

2006

Page 298

Entitlement Cash Flow

Name :

Year

Entitlement Production
Liquids
Gas
000 b/d
mmcfd

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058

Net
Revenue
US$M

Op
Costs
US$M

Capital
Costs
US$M

Gov.
Take
US$M

State
Carry
US$M

Cash
Flow
US$M

Page 299

Fiscal
Adjusted
Synergies Cash Flow
US$M
US$M

Entitlement Cash Flow

2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

PV Values
10.0%
Discounted from

Total PV
Remaining PV
May

2006

Page 300

Entitlement Cash Flow

Year

Remaining Oil Remaining Gas

000 b/d
mmcfd

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054
2055
2056
2057
2058
2059

Page 301

Total Liquid
Total Gas
Total Boe
Remaining Liquid
Remaining Gas
Remaining Boe

discount yrs ent prod li

discount yrs ent prod g

Entitlement Cash Flow

2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

Page 302

Summary Valuation

Field

Interest

Remaining
PV

Page 303

Pre-Tax
Value

Rem Liquid
mmbbl

Rem Gas
bcf

Summary Valuation

Corporate Effects

Total Pre-Overhang

Tax Overhang

TOTAL COMMERCIAL

Corp Tax

Zero Tax Value

Discount Date
Discount Rate

2005
10.00%

Page 304

Name :

Year

Nominal Prices
Upstream
Brent
WTI
HH Liq. Price
US$/bbl
US$/bbl US$/MCF
$/bbl

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
2049
2050
2051
2052
2053
2054

65.64
72.63
97.27
61.70
79.91
111.60
111.91
107.50
100.25
96.00
92.00
93.84
95.72
97.63
99.58
101.58
103.61
105.68
107.79
109.95
112.15
114.39
116.68
119.01
121.39
123.82
126.30
128.82
131.40
134.03
136.71
139.44
142.23
145.07
147.98
150.94
153.95
157.03
160.17
163.38
166.65
169.98
173.38
176.85
180.38
183.99
187.67
191.42
195.25

66.12
72.28
99.56
61.82
79.51
95.11
95.13
97.50
84.25
85.00
85.51
86.80
88.54
90.31
92.11
93.96
95.84
97.75
99.71
101.70
103.74
105.81
107.93
110.09
112.29
114.53
116.82
119.16
121.54
123.97
126.45
128.98
131.56
134.19
136.88
139.62
142.41
145.26
148.16
151.12
154.15
157.23
160.37
163.58
166.85
170.19
173.59
177.07
180.61

6.73
6.97
8.84
3.95
4.38
3.99
2.87
4.08
4.36
4.78
5.02
5.12
5.23
5.33
5.44
5.55
5.66
5.77
5.88
6.00
6.12
6.24
6.37
6.50
6.63
6.76
6.89
7.03
7.17
7.32
7.46
7.61
7.76
7.92
8.08
8.24
8.40
8.57
8.74
8.92
9.10
9.28
9.46
9.65
9.85
10.04
10.24
10.45
10.66

Upstream
Gas Price
$/mcf

Plant
Liq. Price
$/bbl

LNG Price
LNG Price
Losses (Incl) Losses (Excl)
$/mmbtu
$/mmbtu

Currency
Inflation Exchange Rate
%
Input/US$

2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

2055
2056
2057
2058
2059
2060
2061
2062
2063
2064
2065
2066
2067
2068
2069
2070
2071
2072
2073
2074
2075
2076
2077
2078
2079
2080
2081
2082
2083
2084
2085
2086
2087
2088
2089
2090
2091
2092
2093
2094
2095
2096
2097
2098
2099
2100
2101
2102
2103
2104
2105

199.16
203.14
207.20
211.35
215.57
219.88
224.28
228.77
233.34
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01
238.01

184.22
187.90
191.66
195.50
199.41
203.39
207.46
211.61
215.84
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16
220.16

10.87
11.09
11.31
11.54
11.77
12.00
12.24
12.49
12.74
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99
12.99

2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50
2.50

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

Currency
Exchange Rate Exchange Rate Interest Rate
Model/US$
Output/US$
%

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

5.32
5.12
3.08
1.57
0.92
0.83
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00
1.00

5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00
5.00