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This excerpt taken from the FST 8-K filed May 13, 2009. Cash Cost
ObjectiveMeasure cash cost on an annual basis.
DefinitionCorporate: The sum of direct operating expense and expensed workovers, but excluding ad valorem taxes, transportation expense and total expensed G&A for the Company, divided by total production for the Company measured in MCFE.
Business Unit: The sum of direct operating expense and expensed workovers, but excluding ad valorem taxes, transportation expense, allocated corporate G&A expense for the business unit, and total expensed G&A administrative costs for the Company, divided by production for the business unit measured in MCFE.
Cash Cost excludes production severance taxes. Additionally, the calculation of Cash Cost for the Canadian business unit shall be calculated at the Plan exchange rate ignoring any variance between the actual exchange rate and the exchange rate assumed in the Plan.
TargetsMeasured against an approved Annual Plan with:
· Threshold equal to achievement of 105% of Business Plan objective (Attachment 1B)
· Target equal to achievement of 100% of Business Plan objective (Attachment 1B)
· Outstanding equal to achievement of 90% of Business Plan objective (Attachment 1B)
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Forest Oil Corporation This excerpt taken from the FST 8-K filed Oct 25, 2007. Cash Cost
Objective
Measure cash cost on an annual basis.
Definition
Corporate: The sum of direct operating expense and expensed workovers, but excluding ad valorem taxes, transportation expense and total expensed G&A for the Company, divided by total production for the Company measured in MCFE.
Business Unit: The sum of direct operating expense and expensed workovers, but excluding ad valorem taxes, transportation expense, allocated corporate G&A expense for the business unit, and total expensed G&A administrative costs for the Company, divided by production for the business unit measured in MCFE.
Cash Cost excludes production severance taxes. Additionally, the calculation of Cash Cost for the Canadian business unit shall be calculated at the Plan exchange rate ignoring any variance between the actual exchange rate and the exchange rate assumed in the Plan.
Targets
Measured against an approved Annual Plan with:
• Threshold equal to achievement of 105% of Business Plan objective (Attachment 1B)
• Target equal to achievement of 100% of Business Plan objective (Attachment 1B)
• Outstanding equal to achievement of 90% of Business Plan objective (Attachment 1B)
Forest Oil Corporation This excerpt taken from the FST 8-K filed May 11, 2006. Cash Cost
Objective
Measure cash cost on an annual basis.
Definition
Corporate: The sum of direct operating expense and expensed workovers, but excluding ad valorem taxes, transportation expense and total expensed G&A for the Company, divided by total production for the Company measured in MCFE.
Business Unit: The sum of direct operating expense and expensed workovers, but excluding ad valorem taxes, transportation expense, allocated corporate G&A expense for the business unit, and total expensed G&A administrative costs for the Company, divided by production for the business unit measured in MCFE.
Cash Cost excludes production severance taxes. Additionally, the calculation of Cash Cost for the Canadian business unit shall be calculated at the Plan exchange rate ignoring any variance between the actual exchange rate and the exchange rate assumed in the Plan.
Targets
Measured against an approved Annual Plan with:
• Threshold equal to achievement of 105% of Business Plan objective.
• Target equal to achievement of 100% of Business Plan objective.
• Outstanding equal to achievement of 90% of Business Plan objective.
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