Production Statistics for the Northstar Project in the Beaufort Sea Previous Twelve Months of Production
Total Unitized Monthly Production Volume BBLS 900,355 1,069,598 1,061,813 968,720 962,905 891,027 896,801 834,460 734,951 657,680 745,229 719,351 Total Unitized Monthly Production Average daily Production from Average Daily Volume from Federal Leases Production Rate Federal Leases BBLS/Day BBLS BBLS/Day 29,044 160,623 5,181 35,653 190,816 6,361 34,252 189,427 6,111 31,249 172,820 5,575 32,097 171,782 5,726 28,743 158,959 5,128 29,893 159,989 5,333 26,918 148,868 4,802 23,708 131,115 4,230 23,489 117,330 4,190 26,615 132,949 4,748 23,978 128,332 4,278
Month May-08 June-08 July-08 August-08 September-08 October-08 November-08 December-08 January-09 February-09 March-09 April-09
Yearly Production Totals
Average Day Production Rate Total Unitized Total Unitized Yearly Production from Federal Yearly Production Average Day Volume from Leases Volume Production Rate Federal Leases BBLS BBLS/Day BBLS BBLS/Day 1,265,883 20,417 225,834 3,642 17,902,989 49,049 3,193,893 8,750 22,970,112 62,932 4,097,868 11,227 25,079,017 68,522 4,474,097 12,224 22,421,483 61,429 3,999,993 10,959 18,810,628 51,536 3,355,816 9,194 13,877,290 39,877 2,475,709 7,114 11,136,749 30,428 1,986,796 5,428 2,857,211 23,810 509,726 4,248 136,321,362 BBLS 24,319,731 BBLS
Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 Total
Notes: Total Unitized Production - Is the volume of production from the entire unit, both from State and Federal leases. The State leases are allocated 82.160% of the total unitized production and the Federal leases are allocated the remaining 17.840%. BBLS - Stock Tank Barrels of Oil at Standard Conditions of 14.73 pounds per square inch absolute and 60 degrees Fahrenheit. Production volumes and rates are subject to change.