In particular, and without limiting the generality of the foregoing, this press release contains forward-looking information with respect to: our expectation to reach our next net debt target of $1.3 billion in mid-2023 that we plan to return 75% of free funds flow back to shareholders once our $1.3 billion net debt milestone is achieved, which includes our targeted $0.73 per share annual base dividend that the remaining 25% of free funds flow will be used to continue to reduce debt and strengthen our balance sheet and, our average daily production (including by product type) forecast for 20 and our production per share growth and capital expenditure forecast for 2023. Forward-looking information typically uses words such as "anticipate", "believe", "continue", "trend", "sustain", "project", "expect", "forecast", "budget", "goal", "guidance", "plan", "objective", "strategy", "target", "intend", "estimate", "potential", or similar words suggesting future outcomes, statements that actions, events or conditions "may", "would", "could" or "will" be taken or occur in the future, including statements about our strategy, plans, focus, objectives, priorities and position. This press release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable securities laws relating to the Company's plans and other aspects of our anticipated future operations, management focus, strategies, financial, operating and production results and business opportunities. NOTE REGARDING FORWARD-LOOKING STATEMENTS Referred to as "Expenditures on property, plant and equipment" in our financial statements. ![]() Refer to Barrel of Oil Equivalency and Production and Product Type Information in this press release for additional disclosure. See Note Regarding Forward-Looking Statements for underlying commodity price and exchange rate assumptions.ĭisclosure of production on a per boe basis in this press release consists of the constituent product types and their respective quantities disclosed herein. Refer to the Specified Financial Measures section in this press release for additional disclosures. Production per share and production per share growth are supplementary financial measures. Net debt is a capital management measure.
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