Long-term Debt and Capital Structure (Tables)

12 Months Ended

Dec. 31, 2018

Borrowings [Abstract]

Schedule of Long Term Debt

As at December 31,	Notes	2018			2017
Revolving Term Debt (1)	A		-		-
U.S. Dollar Denominated Unsecured Notes	B		9,241			9,597
Total Debt Principal			9,241			9,597
Debt Discounts and Transaction Costs			(77	)		(84	)
Long-Term Debt			9,164			9,513
Less: Current Portion			682			-
Long-Term Portion			8,482			9,513

(1) Revolving term debt may include Bankers’ Acceptances, London Interbank Offered Rate (“LIBOR”) based loans, prime rate loans and U.S. base rate loans.

Schedule Of Unsecured Notes Explanatory

Unsecured notes are composed of:

	2018				2017
As at December 31,	US$ Principal Amount		Total C$ Equivalent		US$ Principal Amount		Total C$ Equivalent
5.70% due October 15, 2019		500		682		1,300		1,631
3.00% due August 15, 2022		500		682		500		627
3.80% due September 15, 2023		450		614		450		565
4.25% due April 15, 2027		1,171		1,597		1,200		1,505
5.25% due June 15, 2037		700		955		700		878
6.75% due November 15, 2039		1,400		1,910		1,400		1,756
4.45% due September 15, 2042		744		1,015		750		941
5.20% due September 15, 2043		350		477		350		439
5.40% due June 15, 2047		959		1,309		1,000		1,255
		6,774		9,241		7,650		9,597

Schedule of Mandatory Debt Payments

	US$ Principal Amount		Total C$ Equivalent
2019		500		682
2020		-		-
2021		-		-
2022		500		682
2023		450		614
Thereafter		5,324		7,263
		6,774		9,241

Summary of Net Debt to Adjusted EBITDA

Net Debt to Adjusted EBITDA

As at December 31,	2018			2017			2016
Current Portion of Long-Term Debt		682			-			-
Long-Term Debt		8,482			9,513			6,332
Less: Cash and Cash Equivalents		(781	)		(610	)		(3,720	)
Net Debt		8,383			8,903			2,612
Net Earnings (Loss)		(2,669	)		3,366			(545	)
Add (Deduct):
Finance Costs		628			725			492
Interest Income		(19	)		(62	)		(52	)
Income Tax Expense (Recovery)		(920	)		352			(382	)
DD&A		2,131			2,030			1,498
E&E Write-Down		2,123			890			2
Unrealized (Gain) Loss on Risk Management		(1,249	)		729			554
Foreign Exchange (Gain) Loss, Net		854			(812	)		(198	)
Revaluation (Gain)		-			(2,555	)		-
Re-measurement of Contingent Payment		50			(138	)		-
(Gain) Loss on Discontinuance		(301	)		(1,285	)		-
(Gain) Loss on Divestitures of Assets		795			1			6
Other (Income) Loss, Net		(12	)		(5	)		34
Adjusted EBITDA		1,411			3,236			1,409
Net Debt to Adjusted EBITDA	5.9x			2.8x			1.9x

Summary of Net Debt to Capitalization

Net Debt to Capitalization

As at December 31,	2018		2017		2016
Net Debt		8,383		8,903		2,612
Shareholders’ Equity		17,468		19,981		11,590
		25,851		28,884		14,202
Net Debt to Capitalization	32%		31%		18%