I'm trying some math to show 1st half percentage changes for 2008 when compared to 2007. Hopefully I got it right (the last column) but don't shoot me if it's wrong? I should have added changes in totals as percentages of the grand total ...
Income taxes are lower this year?
| Reconciliation of Netback to Net Earnings |
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| For the six months ended June 30 |
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| For the six months ended June30 |
2008 |
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2007 |
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2008 |
| ($000, except per unit amounts) |
Total |
Per boe |
Total |
Per boe |
Change in Total |
| Upstream netback as above |
$43,080 |
$33.83 |
$12,028 |
$28.00 |
358.2% |
| Interest income |
1,544 |
121 |
345 |
0.8 |
447.5% |
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Refining margin - net
|
400 |
0.31 |
29,346 |
68.29 |
-98.6% |
| General and administrative |
-5,957 |
-4.69 |
-5,248 |
-12.21 |
-113.5% |
| Stock-based compensation |
-2697 |
-2.12 |
-3,279 |
-7.63 |
17.7% |
| Finance charges |
-14,729 |
-1157 |
-1,710 |
-3.98 |
-861.3% |
| Foreign exchange (loss) gain |
-5,209 |
-4.09 |
16,188 |
37.67 |
-132.2% |
| Depletion, depredation and accretion |
-21,289 |
-16.72 |
-14,721 |
-34.25 |
-144.6% |
| Income taxes |
313 |
0.25 |
-12,747 |
-29.67 |
102.5% |
| Equity interest in Petrolifera earnings and dilution gain |
9,414 |
7.39 |
7,010 |
16.31 |
134.3% |
| Net earnings |
$4,850 |
$3.80 |
$27,212 |
$63.33 |
-82.2% |
