ARC Annual Report
2008 -- Identify. Create. Deliver.
"While looking back at a very positive year in 2008, it is difficult not to be affected by the current challenging economic environment. Although concern rightfully exists regarding the prevailing low commodity price environment, we must celebrate our accomplishments in 2008, which were nothing short of outstanding. In 2008 ARC set new records for production volumes, revenue, cash flow, earnings, reserve additions and year-end corporate reserves. More importantly, significant capital expenditures to expand our Montney land holdings and the drilling of exploration and development wells to delineate the resource have, in my view, transformed the future of our company".