| Proved Reserves: |
30.1 MMboe (at 12/31/06) |
| Reserve Mix: |
92% crude oil |
| Reserve Life Index: |
41+ years |
| 2006 Production: |
312.5 Mboe, or 17% of the Company’s 2006 production |
| 2007 Capital Program: |
During 2007, we anticipate spending approximately 3% of our total budget for capital maintenance activities in the Brea-Olinda Field. |
| Power Generation: |
In addition to oil and gas production, our Western operations also include the operation of a gas power generation facility that processes gas produced from our wells as well as third party gas. The power generated is used to reduce our operating costs and any excess power is sold. Reserve estimates related to contracts of third party gas totaled 10.0 Bcfe at December 31, 2006, which are not included in our reserve disclosures or amounts provided above. |
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