In 2005, we executed a dynamic drilling program, posted a 16.2 percent daily production increase, achieved a 35.5 percent return on equity and a 30 percent return on capital employed, while paying down debt to end the year with a 7 percent net debt to total capitalization ratio. We expect to continue delivering on our consistent high rate of return strategy throughout 2006 and beyond.
More Quotes from Mark Papa:
In the current rising cost environment, we consider the all-in unit reserve replacement costs, which are essentially flat with those of 2004 to be excellent.Mark Papa
Readers Who Like This Quotation Also Like:
Based on Topics: Capital QuotesBased on Keywords: capitalization
I don't believe I'll ever get credit for anything I do in foreign affairs, no matter how successful it is, because I didn't go to Harvard.
Lyndon B. Johnson
People take pictures of the Summer, just in case someone thought they had missed it, and to proved that it really existed.
Ray Davies
If Iran becomes a nuclear weapon state it is the end of non-proliferation as we know it. If Iran gets a nuclear weapon you are likely to see Saudi, Egypt and other countries follow suit and we will bequeath to the next generation a nuclear arms race in the world's most unstable region.
Liam Fox