XML 55 R34.htm IDEA: XBRL DOCUMENT v3.19.1
Critical Judgments and Accounting Estimates (Tables)
12 Months Ended
Dec. 31, 2018
Corporate Information And Statement Of IFRS Compliance [Abstract]  
Forward commodity price estimates
:
 
 
Egypt1

 
Canada1
 
 
 
 
Brent Blend Crude Oil

 
WTI Oil

 
AECO Gas

 
Edmonton Condensate

 
Edmonton Butane

 
Edmonton Propane

 
Spec Ethane

 
Exchange Rate
Year
 
$US/Bbl

 
$US/Bbl

 
$C/Mcf

 
$C/Bbl

 
$C/Bbl

 
$C/Bbl

 
$C/Bbl

 
USD/CAD
2019
 
63.25

 
56.25

 
1.85

 
67.67

 
21.45

 
25.33

 
5.69

 
0.750
2020
 
68.50

 
61.76

 
2.29

 
79.22

 
37.66

 
32.39

 
7.20

 
0.770
2021
 
71.25

 
64.40

 
2.67

 
83.54

 
47.85

 
36.68

 
8.51

 
0.790
2022
 
73.00

 
65.96

 
2.90

 
85.49

 
57.04

 
39.11

 
9.27

 
0.810
2023
 
75.50

 
66.98

 
3.14

 
87.80

 
58.48

 
41.77

 
10.12

 
0.820
2024
 
78.00

 
67.93

 
3.23

 
90.30

 
60.24

 
43.03

 
10.42

 
0.825
2025
 
80.50

 
68.82

 
3.34

 
93.33

 
62.36

 
44.55

 
10.78

 
0.825
2026
 
83.41

 
70.00

 
3.41

 
96.86

 
64.83

 
46.31

 
11.03

 
0.825
Thereafter2
 
2.0
%
 
2.0
%
 
2.0
%
 
2.0
%
 
2.0
%
 
2.0
%
 
2.0
%
 
0.825
1  GLJ Petroleum Consultants Ltd. (“GLJ”) price forecasts, effective December 31, 2018.
 
 
2  Percentage change represents the increase in each year after 2026 to the end of the reserve life.