AECO Gas $Cdn/GJ. Select 2011 Year-to-Date Summary Statistics

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1 ENERGY CHARTS energy charts Snapshots of Energy Fundamentals Date WTI Crude $US/B Edmonton Light $Cdn/B Henry Hub Gas AECO Gas $Cdn/GJ AECO Basis Currency $US/$Cdn Chart Watch Commentary 1 DJIA ended with a slight recovery for the week Energy Charts commentary will return next week. 4 ARC Oil Sands Index gained 5.7% 12 Canadian heavy spreads continued to narrow 28 Long-dated gas futures ended at $4.37/MMbtu 36 US dry gas production down in December Select Year-to-Date Summary Statistics Indicator 31-Dec-1 3-Dec-11 YTD High YTD Low YTD Average Gain % (Loss) Dow Jones Industrial Average 11,578 12,218 12,811 1,655 11, % Nasdaq 2,653 2,65 2,874 2,336 2, % S&P/TSX Composite 13,443 11,995 14,271 11,178 12, % Canadian Dollar % S&P/TSX E&P Index 3,457 2,756 3,82 2,326 3, % S&P/TSX O/G Equip and Services 2,73 1,859 2,34 1,542 2,36-1.3% ARC Cdn O&G Grow h Equity Index 68,26 56,998 75,76 46,345 65, % ARC Oil Sands Equity Index 24,354 21,35 28,544 17,815 23, % Philadelphia O/G Service Index % WTI Spot ($US/B) % WTI 24-Month ($US/B) % Brent Spot ($US/B) % Edmonton Light Spot ($C/B) % Western Cdn Select ($C/B) % Natural Gas HH Spot () % Natural Gas HH Month Avg % Natural Gas AECO Spot ($C/GJ) % AECO Differential () % Natural Gas NBP () % Peter Tertzakian, Chief Energy Economist Tel (43) ptertzakian@arcfinancial.com Kara Jakeman, Manager, Energy Research Tel (43) kjakeman@arcfinancial.com Wendy Liu, Senior Energy Analyst Tel (43) wliu@arcfinancial.com Sources Bloomberg, CAODC, Baker Hughes, EIA, NOAA, CPC, IEA, Natural Resources Canada, Canadian Gas Association, ARC Financial Research Disclaimer The information and data contained herein has been obtained or prepared from sources which ARC believes to be reliable but has not been independently verified. ARC makes no representations or warranties as to the accuracy or completeness of such information and data nor the conclusions derived therefrom. This document has been published on the basis that ARC shall not be responsible for, and ARC hereby expressly disclaims any responsibility for, any financial or other losses or damages of any nature whatsoever arising from or otherwise relating to any use of this document.

2 Broad Equity Markets Daily Index Values; Rolling 24-Month History 1 2 Dow Jones 14, 13, 12, 11, 1, 9, 8, Dow Jones NASDAQ The DJIA ended with a slight recovery for the week at 12,218. Nasdaq 3, Broad market indices are one of many vital signs measuring the health of the economy. Energy demand is a function of economic health. 2,5 2, 1,5 The threat of 7, Greece 6, defaulting is center stage. 1, Jan-1 Jul-1 Jan-11 Jul-11 TSX Composite 15, 14, 13, 12, 11, 1, 9, 8, 7, Performance of Oil and Gas Equities Daily Index Values; Rolling 24-Month History S&P/TSX 3 Composite Index S&P/TSX E& P Index The S&P Comp. also recovered the last week of. Meanwhile, Canadian E&P stocks were essentially flat. 6, Jan-1 Jul-1 Jan-11 Jul-11 Market Indicators July 3, TSX 26 E&P Performance of Canadian oil & gas equities are compared against the broader market. 4, 3,5 3, 2,5 2, 1,5 ARC Canadian Oil & Gas Growth Equity Index Daily Index Values; Rolling 24-Month History 3 4 ARC Oil Sands Producers Equity Index Daily Index Values; Rolling 24-Month History 8, 3, 7, 25, 6, 5, 4, 3, 2, Jan-1 May-1 Sep-1 Dec-1 Apr-11 Aug-11 Dec-11 The ARC CDN Oil & Gas Growth Index measures the performance of over oil and gas producers that are not included in larger exchange indices. 2, 15, ARC Oil Sands Index gained 5.7% the last week of Dec. ATH received regulatory ATH also sold its approval for its MacKay project. 4% MacKay interest to PetroChina. The ARC Oil Sands Index measures the performance of six oil sand producers. PetroChina now has full ownership of the oil sands project. 1, Jan-1 May-1 Sep-1 Jan-11 May-11 Sep-11 Jan-12 Philadelphia Oil & Gas Service Equity Index Daily Index Values; Rolling 24-Month History 5 6 Canadian Currency Exchange Daily Close Values; Rolling 24-Month History S&P/TSX 2,65 2,25 1,85 1,45 1,5 65 S&P/TSX Oil & Gas Equipment & Service S&P/TSX Oil & Gas Drilling Philadelphia Oil & Gas Service Oil field services stocks fell the last week of December. Fracturing companies, especially, have had a rough time This is due to the recent press on environmental issues. Phil $US/Cdn $1.8 $1.4 $1. $.96 $.92 $.88 $.84 $.8 25 Jan-1 May-1 Sep-1 Jan-11 May-11 Sep-11 The performance of Canadian oil and gas service equities (left scale) are plotted in tandem with the corresponding US company index (right scale). $.76 Jan-1 May-1 Sep-1 Dec-1 Apr-11 Aug-11 Dec-11 Much of Canada s oil and gas production is exported. As such, the value of the Canadian dollar has significant impact on corporate revenues. Energy Charts 1

3 Crude Oil 7 $US/B Daily Spot Crude Oil Prices WTI NYMEX & Dated Brent Crude; Rolling 12-Month History WTI and Brent were flat the last week of December. 212 consensus for WTI is that it will remain around $. WTI Crude (Spot) Dated Brent Crude 8 $US/Gal $4.5 $4. $3.5 $3. US Average Retail Gasoline (All Grades) Prices Weekly Data; Rolling 3-Year History July 3, The Brent-WTI premium has narrowed to about $8.75/B. Pipeline reversal and transport out of PADD 2 has helped. $2.5 $2. $1.5 6 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Spot crude oil prices (WTI) are principally driven by US stock levels, international supply/demand dynamics and related geopolitical influences. $1. Jan-9 Jul-9 Jan-1 Jul-1 Jan-11 Jul-11 Jan-12 Gasoline is one of the main products refined from crude oil. Gasoline prices are influenced by crude oil prices, seasonality and retail competition. Daily Futures Crude Oil Prices: 24-Mth Contract WTI NYMEX; Rolling 12-Month History 9 1 US Crude Oil Futures West Texas Intermediate (WTI) 212 to 214 $US/B Oil market concerns centre around tensions with Iran. And its threat to shut down the Strait of Hormuz. It is a critical shipping lane. Approx. 17 passed through the Strait in. The long-end of the curve was up modestly,.7% the last week. 7 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 The daily close of the long end of the futures curve is important to watch for structural changes in the crude oil market. WTI $US/B Here forward contract prices for WTI are plotted against months in the calendar year. Years are distinguished by color and/or symbol coding. Daily World Heavy Oil Marker Crude Prices Maya and Lloyd Blend at Chicago; Rolling 24-Month History Canadian Oil Prices & Heavy Oil Differentials Western Canadian Select (WCS) Differential; Rolling 12-Month History $US/B 12 8 Maya Oil Price at Chicago Lloyd Blend Oil Price at Chicago Edm. Lt ($C/B) WCS Diff. Edmonton Light Canadian heavy spreads continued to narrow in December. WCS Diff ($C/B) Jan-1 Apr-1 Jul-1 Oct-1 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Maya, Mexico s main export crude, is a heavy sour crude with 22 API and % sulfur content Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Canadian heavy differentials vary depending on barrel-to-barrel competition at a limited number of US refineries with specialized refining capacity Energy Charts 2

4 MMB US Crude Oil Stocks The PADD 2 stock situation is noteworthy. While still at a 5 year high, stocks there are down ~1% from April. Takeaway capacity additions have eased the oversupply. Total US crude oil inventories are down about 3.5% YOY US Crude Oil Imports Crude Oil July 3, Weekly stock levels provide a snapshot of supply and demand. The grey lines span a historical range; the blue line plots current year levels. The US must import crude oil to augment its domestic supply. The grey lines span a historical range; the blue line plots current year values Total US refinery utilization has been stable at ~83%. US Weekly Refinery Runs But crude oil input to refiners in PADD 2 has been strong. PADD 2 inputs were at 3.5, a 5-year high. This adds to the strong demand for Canadian heavy barrels Total Weekly US Petroleum Supplied 11 In the US, refinery runs mirror overall seasonal demand for petroleum products. Total operable capacity is approximately Petroleum supplied represents the total consumption of petroleum products in the U.S. Oil consumption for the current year is in blue MMB US Motor Gasoline Stocks US Motor Gasoline Consumption Despite falling gasoline prices, demand has not picked up. Demand is still materially lagging last year s levels Gasoline stock levels can affect crude oil prices. Stock levels for the current year are represented by the blue line. 8. Gasoline consumption accounts for almost half of all oil use in the U.S. Gasoline consumption for the current year is in blue. Energy Charts 3

5 Crude Oil 19 MMB US Distillate Fuels Stocks 2 MMB 8 7 US Distillate Fuels Stocks - PADD I July 3, Distillate stocks are mildly seasonal, but especially important to watch in the winter months when heating oil demand comes to the fore. 2 PADD I represents the heavily populated Northeast US market. That area is important because it represents a large fraction of heating oil demand OPEC set a new 3 target. OPEC Notional Spare Capacity Monthly; Rolling 6-Month History It was necessary that OPEC show solidarity at this meeting.. Feb-7 Feb-8 Feb-9 Feb-1 Feb-11 World oil spare capacity resides only in OPEC member countries. It is assumed that non-opec countries produce at full capacity. Notice that the cartel is already producing above the new quota. Watch Libya s production number in OPEC Production Data Table Recent Production Targets and Spare Capacity: MMB/Day Current Target Nov-11 Prod'n Prod'n vs Target Sustainable Capacity Spare Capacity Algeria Angola Ecuador Iran Kuwait Libya (.92).55. Nigeria Qatar Saudi Arabia UAE Venezuela OP EC Iraq T OT A L OP EC OPEC s production levels relative to its sustainable and spare capacity ties directly into near and long-term crude oil prices Global Oil Demand Monthly; Rolling 6-Month History IEA curbed its oil demand estimates due to weaker economy. In 11, oil demand is expected to increase by.7. In 12, oil demand is expected to increase by Jan-7 Jan-8 Jan-9 Jan-1 Jan-11 Global oil demand growth is largely driven by economic growth. The majority of new demand is coming from non-oecd countries Canadian Oil Sands Production Monthly; Rolling 6-Month History Synthetic Bitumen. Nov-6 Nov-7 Nov-8 Nov-9 Nov-1 Cdn oil sands is an important source of new supply to meet global oil demand growth. Production is projected to reach 2.1 MMBd by 215. Energy Charts 4

6 25 Closing Closing Spot Spot Prices Prices at at North North American American Natural Natural Gas Gas Hubs Hubs Superimposed on Relative Pipeline Flows Superimposed on Relative Pipeline Flows Natural Gas July 3, 26 AECO US$2.58 Malin US$2.98 Sumas US$3.1 Kingsgate US$2.88 Stanfield US$2.98 US$2.89 Opal San Juan Prices across most hubs closed out a weak. Prices reflect excess supplies and storage levels. Ventura US$2.98 Sluggish start to winter weather has also stalled heating demand. \ Chicago US$3.3 More disclosure on a CHK shale gas deal announced Nov. Niagara US$3.52 Total will take a 25% int. in a JV that covers the Ohio Utica shale The Boston spot price was an exception, with unusual cold. Boston US$9.49 Total will invest $2.3 billion as part of the JV. Socal US$3.29 US$2.86 Permian US$2.83 Henry Hub US$2.98 Henry Hub closed below $3.. That s the first time since September 29. All prices in Henry Hub-AECO Spot Price Differential Daily; Rolling 12-Month History Spot North American Natural Gas Prices Daily Prices; Rolling 12-Month History $1. $6. $.75 $.5 $5. $4. Henry Hub Spot prices closed near their year-lows. $.25 $. $3. AECO $C/GJ -$.25 Jan 4 Apr 4 Jul 3 Oct 1 Dec 3 Historically the AECO price has traded at approximately 85% of the Henry Hub price (in ). $2. Jan 5 Apr 5 Jul 4 Oct 2 Dec 31 Spot prices at AECO mostly piggyback off Henry Hub prices, the exchange rate and the cost of transportation. Local factors can also affect price. Energy Charts 5

7 Natural Gas Daily Natural Gas Prices Futures Average Average of 25-to-36 month out contracts; Rolling 12-Month History $6. $5.75 $5.5 $5.25 $5. $4.75 $4.5 Long-dated futures ended at $4.37. There was some negative news late last week. US EPA stayed the Cross State Air Pollution Rule (CSAPR). Forced closure of many coalfired plants 212 now delayed. Additional bullish hope for gasfired generation a bit uncertain. There is a CSAPR hearing scheduled for April US Natural Gas Futures Nymex (Henry Hub) 212 to July 3, 26 $4.25 $4. Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov The daily close of the long end of the futures curve is important to watch for structural changes in the natural gas market. Here forward contract prices are plotted against months in the calendar year. Years are distinguished by color and/or symbol coding. Bcf per Day US LNG Import Volumes (Net) Daily; Cheniere to start construction in 212; first exports LNG Imports are an important component in meeting US natural gas demand. Source: Bentek SAC Capital Advisors reportedly bought a 5.7% int. in Cheniere. SAC is a $14 billion hedge fund run by Steven Cohen. $11 $1 $9 $8 $7 $6 $5 $4 $3 Natural Gas Spot Prices: NBP vs Henry Hub Within-Day Close; Rolling 12-Month History Prices in the Pacific Basin are even stronger at ~$17.. The case for LNG exports to those regions is very compelling. Henry Hub $2 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 NBP A notional point in the UK National Transmission System (NTS) used as a delivery point for gas. Prices are converted from sterling to dollars. Canadian Natural Gas Futures AECO Hub Oil and liquids will still remain target for producers in 212. Dry gas economics are particularly weak as indicated below. $C/GJ $C/Mcf AECO Spot Price Month Fwd AECO Nov 1 Yr Out Rest of Gas Year Fwd Winter Strip Natural Gas Futures Prices: NBP vs Henry Hub Quarterly Futures Averages NBP Henry Hub Current Q Current Q+1 Current Q+2 Current Q+3 AECO futures mimic Henry Hub forward prices plus a differential. Due to less liquidity, forward AECO quotes do not extend out beyond one year. The above graph shows the pricing difference between the US and the UK natural gas futures markets on a quarterly basis. Energy Charts 6

8 34 35 # of Rigs Weekly US Oil and Gas Drilling Activity Baker Hughes Average Rig Counts; Rolling 24-Month History US oil rig count ended at 1,193, up 56% for the year. The US gas rig count ended at 89 rigs. Gas Rigs It had started to roll over the last few months. Jan-1 May-1 Sep-1 Jan-11 May-11 Sep-11 Oil Rigs # of Rigs Natural Gas Weekly US Horizontal Drilling Activity Source: Baker Hughes The horizontal rig count has flattened out in recent weeks. July 3, 26 US rig activity is a leading indicator of continental supply. Gas-directed rigs (blue line) are plotted on the left-hand axis, oil-directed on the right. US Horizontal rig activity is a leading indicator of unconventional oil and gas supply. Horizontal wells are more productive than vertical wells. Total US Dry Natural Gas Production 1 Day Moving Average; Bcf per Day December average dry gas production came in at 63.6 Bcf/d. This is the first monthly drop in 1 months. But there were some operational issues, that have since been fixed. Current volumes are ~65 Bcf/d, up 4 Bcf/d over a year ago. 44 Tracking US natural gas supply helps monitor the growth in domestic production that started ramping up in late 27. Bcf per Day US Net Natural Gas Imports From Canada Daily; December imports were nearly 2% below the prior year. ' The largest drop was in the US NE region. Regional production (eg. Marcellus) has been strong. Meanwhile, US NE gas demand was down ~25% in December The US is a large consumer of Canadian gas. However, the dynamic is changing as US domestic production continues to grow. US Total Natural Gas Demand Daily; US Total Natural Gas Power Demand Daily; Bcf per Day Gas demand in December has been lower than expected. This has been due to more moderate winter temperatures. 4 Total US demand fluctuates between 5 Bcf/d in summer and Bcf/d in the winter. Weather is still the most influential factor driving consumption. Bcf per Day Power burn has ' been particularly strong. Coal-to-gas switching has accelerated. The electric power industry has become an important driver of total US natural gas demand. It is the largest component by far in the summer. Energy Charts 7

9 Bcf 15 5 (5) () (15) (2) (25) Weekly US Natural Gas Storage Net Change Weekly Injection or (Withdrawals); 26 to Current 4 41 Withdrawals are off to a slow start this winter. (3) Weekly gas storage reports provide a snapshot of supply and demand. Previous years are in light grey; the blue line plots current year levels. Tcf Natural Gas Total Working Natural Gas in US Storage Historical Tracks, Current Year Levels and ARC Forecast Stocks are currently Bcf, a seasonally high level. 212 Forecast With normal weather we could have 2 Tcf at the end of March First quarter 212 weather will be key to watch. It will determine inventories and relative price support for 212 July 3, 26. The EIA reports changes in US natural gas inventories held in underground storage facilities on weekly basis. CDDs US Weekly Cooling Degree Days Source: NOAA HDDs US Weekly Heating Degree Days Source: NOAA The near-term forecast is not that gas price supportive. The forecast calls for HDDs that are 17% below normal. HDDs at year-end were 24% lower than the prior year Week Week Weekly natural gas demand is directly tied to the weather. Current year is in dark blue; historical years are in grey. Weekly natural gas demand is directly tied to the weather. Current year is in dark blue; historical years are in grey. Cdn Oil and Gas Rig Capacity and Utilization CAODC Average Weekly Rig Count; Rolling 2-Year History Weekly Canadian Oil and Gas Drilling Activity CAODC Average Weekly Rig Count # of Rigs Utilization 84 Utilization rig activity % 83 Rig Fleet Capacity was the strongest in the 9% 82 past 5 years. 8% 81 7% 8 6% 5% 79 4% 78 3% 77 2% Nov-9 Feb-1 Jun-1 Oct-1 Mar-11 Jul-11 Oct-11 Rig utilization in Canada is a function of broad fundamentals and seasonality. Utilization always drops off during spring breakup. 1% % # of Rigs Drilling There is a positive outlook for drilling in 212. PSAC is calling for a 1% increase in wells drilled. Unlike US drilling activity Canadian rigs are dispatched seasonally. The active rig count for the current year is in blue. Energy Charts 8

10 Daily Western Canadian Pipeline Receipts TransCanada (NOVA), Alliance, WestCoast & TransGas Pipelines Bcf per Day Alberta Natural Gas Demand TransCanada Intra-AB Deliveries; Current Year and Historic Tracks Bcf/d Alberta s mild December tempered gas demand levels. Natural Gas July 3, All combined, TCPL, Alliance, WestCoast and TransGas pipelines move over 13 Bcf/d of natural gas out of Western Canada. 2. As Alberta s economy grows, and as more oil sands projects come on line, it will be increasingly important to monitor the Province s gas demand. # of Licenses (s) Canadian Cumulative Well Licensing Activity Current Year vs Years Prior Record land sales will lead drilling activity next year. Canadian well licenses are a leading indicator of WCSB drilling activity. Cumulative well licenses for the current year are in blue. Bcf Alberta Natural Gas Storage Levels Daily; Current Year and Historic Tracks There has been a very slow start to the current heating season. Shut-ins remain a possibility due to storage facility limits. This would not bode well for Canadian spot prices. Alberta s natural gas storage levels provide a good metric if the producing region is well stocked. Abnormally high or low storage can affect the basis. 5 Canadian Cumulative Oil Well Completions Current Year vs Years Prior 51 Canadian Cumulative Gas Well Completions Current Year vs Years Prior Well Completions (s) should be another record year for oil activity Week Relative year-over-year drilling activity is highlighted in this chart. Cumulative oil well completions for the current year are shown in blue. Well Completions (s) Week Relative year-over-year drilling activity is highlighted in this chart. Cumulative gas well completions for the current year are shown in blue. Energy Charts 9

11 $ per Ha (Log Scale) energy charts Alberta Crown Land Sales Excluding Oil Sands Year-over-Year; Cumulative $ Billions The big drivers in were plays like the Duvernay. And, Swan Hills tight carbonates, Montney, and others. The last land sale of brought in $146 milion. The year s tally was $3.54 billion. 1, 1, 1 Other Indicators Alberta Crown Land Sales - Oil Sands Only Average Price per Hectare; Bi-Weekly The oil sands land sales totaled $15 million. July 3, Land prices are an important component of F&D costs. In Alberta, sales of petroleum and natural gas rights are held every two weeks Rising commodity prices and an opportunity constrained basin have made land more valuable especially in choice regions such as the oil sands. Weekly US Nuclear Electricity Generation Current Year vs Years Prior Uranium Spot Prices (U 3 O 8 ) Month-End Price; Rolling Two-Year History Megawatts $US/lb The capacity of electricity generated from US nuclear power plants is 99,91 megawatts. Source: Nuclear Regulatory Commission. 3 Jan-1 Apr-1 Jul-1 Oct-1 Jan-11 Apr-11 Jul-11 Oct-11 Source: The Ux Consulting Company, LLC NYMEX CAPP Coal Prices Near Month Daily; Rolling One-Year History $US/Ton $9 $8 Coal prices have fallen since the summer. But, natural gas prices have been weak too. Coal and natural gas are competing fuels in power generation. Gigawatthours (s) 9 Weekly US Electrical Power Output All Sources of Power Generation $7 $6 $5 8 7 $4 Dec-1 Mar-11 Jun-11 Sep-11 Dec-11 Nymex offers a liquid market to hedge physical coal contracts. In power markets, coal competes for market share against oil and gas. 6 Weekly US electrical power output can be compared against output at the same time for years prior. Current year is plotted in blue. Energy Charts 1

12 Canadian Industry Metrics Estimated Capital Flow in the Canadian Oil and Gas Economy for Industry Revenue, Cash Flow, Reinvestment, Drilling Activity and Production $C55.12 per BOE $C 115. Billion G&A Royalties & Taxes Foreign Investment and Capital Outflow Dividends and Distributions July 3, 26 Oil & Gas Prices E&P Revenue Cash Flow $C 55.6 Billion Debt, Equity Revised and 212 estimates will be available in January. 5.7 Million BOE/day Production Volume Capital Flow in the Canadian Oil and Gas Economy Operating Expenditures CAPEX Exploration & Development $C5.5 Billion Reserve Additions 12,8 Wells Drilling Activity Service Sector Revenue Land, Acquisitions 58 Canadian Industry Statistics: Historical Data and Forecast P rice P ro ductio n Vo lume Canadian Industry Metrics C apital Inflo w R einvestment D rilling Well Split Average Price Conv. Liquids Bitumen + Synthetic Natural Gas Total Volume Total Revenue After-tax Cash Flow Conv. Oil and Gas Oilsands Reinvest Ratio Wells Compl. Avg Rig Avg Rig Fleet Utiliz. Oil Wells Gas Wells Dry Wells $/BOE Average M BOE/d Average M BOE/d M BOE/d M BOE/d (@ 6:1) (@ 6:1) $C millions $C millions $C millions $C millions x:1 #/ Year # of Rigs % % % % , ,598 5,121 31,28 14,933 17,128 1, , % 52% 29% 17% , ,663 5,298 26,263 11,2 15,72 1, , % 32% 47% 19% , ,745 5,33 35,996 16,846 13,743 2, , % 26% 59% 13% , ,84 5,54 59,94 26,543 18,795 4, , % 33% 54% 12% , ,889 5,572 63,481 29,64 21,998 5, , % 26% 62% 1% , ,886 5,729 57,939 29,433 18,17 6, , % 27% 63% 9% , ,8 5,738 75,298 37,644 23,855 5, , % 23% 7% 6% , ,827 5,865 85,179 43,959 26,828 6, , % 21% 72% 6% ,7 99 2,84 5,837 17,455 56,442 34,815 1, , % 22% 7% 6% ,964 1,126 2,85 5,941 13,294 54,171 38,345 14, , % 22% 71% 7% ,55 1,199 2,81 6,7 19,274 54,985 31,184 18, , % 28% 66% 6% ,977 1,213 2,7 6, ,751 81,212 36,223 18, , % 3% 6% 8% ,837 1,331 2,514 5,683 87,664 38,981 22,335 11, , % 41% 47% 12% e ,788 1,482 2,425 5,695,86 45,142 35,666 17, , % 48% 43% 9% e ,769 1,612 2,336 5, ,33 55,613 35,464 15,.91 12,8 8 45% 55% 4% 5% Energy Charts 11