2012 - A Clear Line of Sight
ARC enjoyed another year of exceptional operational and financial results in 2012, and continued to create value for shareholders. Notably, production grew by 12 per cent to reach record levels, 200 per cent of produced reserves were added, and the balance sheet was further strengthened. Going forward into 2013, ARC plans a record capital budget of $830 million focused on internal development of oil and liquids rich natural gas assets. With a magnitude of opportunities in front of us, ARC will execute on these opportunities with a long-term vision and a clear line of sight to the future.