Performance

Performance Overview

ARC has delivered an 18% compound annual total return since inception, outperforming the S&P/TSX Composite Index and S&P/TSX Exploration and Production Index.



Strategic development of Growth and Base assets has delivered a 15% compound annual production growth rate since inception. In 2012, ARC increased production by 12% to average 93,500 boe per day.



ARC has consistently delivered value to our shareholders through reserves growth. We have successfully replaced over 200% of annual production for the last five consecutive years.



To ensure financial flexibility ARC maintains low debt levels, targeting net debt to funds from operations in the range of one to 1.5 times. ARC exited 2012 with net debt to funds from operations at one times



ARC is committed to the dividend. We believe that the dividend should be set at levels that are sustainable through short-term market cycles, as demonstrated by our consistent annual dividend which has been held at a steady $1.20 per share since 2009.