Revised Actual Actual

Forecasted Production Steam Oil Avg Oil Avg Gross Income

Year Forecast Injection Injection
BOPD Ratio Price
BOPD BSPD BOPD
1995 0 156 0 $20.48 $1,166,131.20
1996 5017 417 12.03 $25.40 $3,866,007.00
1997 9372 810 11.57 $21.98 $6,498,387.00
1998 6525 877 7.44 $11.60 $3,713,218.00
1999 28 $17.89 $182,835.80
2000 148 $32.29 $1,744,305.80
2001 163 $25.30 $1,505,223.50
2002 400 144 2.78 $24.52 $1,288,771.20
2003 5115 831 6.16 $30.26 $9,178,311.90
2004 1000 10000 10 $41.98 $15,322,700.00
2005 1500 10000 6.67 $55.65 $30,468,375.00
2006 2000 10000 5 $63.64 $46,457,200.00
2007 2200 10000 4.55 $68.44 $54,957,320.00
2008 2200 8000 3.64 $96.00 $77,088,000.00
2009 2000 7000 3.5 $53.93 $39,368,900.00
2010 1700 6000 3.53 $72.65 $45,079,325.00
2011 1950 5000 3.7 $87.21 $62,071,717.50
2012 950 4000 4.21 $84.72 $29,376,660.00
2013 700 3000 4.29 $88.25 $22,547,875.00
2014 500 2500 5 $81.05 $14,791,625.00
2015 350 2000 5.71 $36.50 $4,662,875.00

Cost to generate a bbl steam = $0

Operating Cost = Project Steam Cost/R
(0.75*Inj*365)0.7
Operating Cost Net Profit

$0.00 $1,166,131.20
$1,962,005.36 $1,904,001.64
$3,665,121.43 $2,833,265.57
$2,551,741.07 $1,161,476.93
$0.00 $182,835.80
$0.00 $1,744,305.80
$0.00 $1,505,223.50
$156,428.57 $1,132,342.63
$2,000,330.36 $7,177,981.54
$3,910,714.29 $11,411,985.71
$3,910,714.29 $26,557,660.71
$3,910,714.29 $42,546,485.71
$3,910,714.29 $51,046,605.71
$3,128,571.43 $73,959,428.57
$2,737,500.00 $36,631,400.00
$2,346,428.57 $42,732,896.43
$1,955,357.14 $60,116,360.36
$1,564,285.71 $27,812,374.29
$1,173,214.29 $21,374,660.71
$977,678.57 $13,813,946.43
$782,142.86 $3,880,732.14