Summary
"Petrobank Energy and Resources Ltd." Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational data, analysis and strategic insight into company. The report provides latest annual and quarterly overview of valuation, share price performance, production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.
Scope
The report provides in-depth analysis and insights into companies’ valuation, capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes -
- The report provides detailed and unique insights information on the key operational parameters. The report provides a comprehensive overview of production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.
- Provides analysis of the share price performance of the company and the key valuation multiples. The report provides a comprehensive overview of share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($/Boed), EV/Proved Reserve ($/MMboe), EV / EBITDA, and EV / EBITDA.
- Provides annual and quarterly information on key operational, valuation and financial parameters. Annual information is for the current and the last five years while the quarterly information is for the current and the last five quarters.
- The report provides detailed crude oil and natural gas reserves and production of the company by country.
- Contains in-depth and latest information on exploration, development, finding & development, acquisition expenditure, gross and net developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company.
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Provides up-to-date information and in-depth analysis on operational parameters of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational parameters of your competitors.
- Rank your performance against other E&P companies using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational parameters.
- Establish relative performance among the industry’s players based on key operational and financial measures.
Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Petrobank Energy and Resources Ltd., Valuation and Financial Data 8
Petrobank Energy and Resources Ltd., Share Price Performance 8
Share Price Performance, Q3, 2010-Q3, 2011 8
Petrobank Energy and Resources Ltd., Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2010-Q3, 2011 9
Petrobank Energy and Resources Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q3, 2010-Q3, 2011 10
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2010-Q3, 2011 11
Petrobank Energy and Resources Ltd., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q3, 2010-Q3, 2011 12
Petrobank Energy and Resources Ltd., Quarterly Production Trends 13
Petrobank Energy and Resources Ltd., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q3, 2010-Q3, 2011 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2010-Q3, 2011 14
Petrobank Energy and Resources Ltd., Crude Oil Production 15
Total Crude Oil Production Trend, Q3, 2010-Q3, 2011 15
Crude Oil Production, By Country/Region, Q3, 2010-Q3, 2011 16
Petrobank Energy and Resources Ltd., Natural Gas Production 17
Total Natural Gas Production Trend, Q3, 2010-Q3, 2011 17
Natural Gas Production, By Country/Region, Q3, 2010-Q3, 2011 18
Petrobank Energy and Resources Ltd., Valuation and Financial Data - 2006-2010 19
Petrobank Energy and Resources Ltd., Share Price Performance - 2006-2010 19
Share Price Performance, 2006-2010 19
Key Valuation Metrics, 2006-2010 20
Petrobank Energy and Resources Ltd., Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2006-2010 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2006-2010 23
Total Crude Oil and Natural Gas Reserve Changes, 2006-2010 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2006-2010 26
Crude Oil Production and Reserves By Country/Region, 2006-2010 27
Crude Oil/Liquids Reserve Changes, 2006-2010 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2006-2010 30
Natural Gas Production and Reserves, By Country/Region, 2006-2010 31
Natural Gas Reserve Changes, 2006-2010 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2006-2010 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2006-2010 35
Petrobank Energy and Resources Ltd., E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2006-2010 37
Acquisition Costs By Country/Region, 2006-2010 38
Exploration and Development Costs, By Country/Region, 2006-2010 39
Oil and Gas Cost Per boe, $/boe 41
Oil and Gas Cost Per boe, $/boe, 2006-2010 41
Oil and Gas Cost Per boe, $/boe, By Country/Region, 2006-2010 43
Petrobank Energy and Resources Ltd., Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2006-2010 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2006-2010 48
Petrobank Energy and Resources Ltd., Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2006-2010 52
Oil and Gas Revenue and Expenses, By Country/Region, 2006-2010 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2006-2010 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2006-2010 59
Oil and Gas Performance Metrics 63
Petrobank Energy and Resources Ltd., Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2006-2010 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2006-2010 65
Well Statistics 68
Producible Oil and Gas Well, 2006-2010 68
Producible Oil and Gas Well, By Country/Region, 2006-2010 69
Exploration and Development Wells Drilled, 2006-2010 74
Exploration and Development Wells Drilled, By Country/Region, 2006-2010 75
Recent Developments 77
Petrobank Energy and Resources Ltd. - Recent Developments 77
Dec 13, 2011: Petrobank Energy Provides 2012 Strategy And Capital Plan 77
Nov 14, 2011: Petrobank Energy Reports Revenues Of CAD272.3m In Q3 2011 78
Sep 29, 2011: Petrobank Energy Announces May River Regulatory Hearing Date And Suspension Of Conklin Operations 78
Aug 15, 2011: Petrobank Energy Reports Oil And Natural Gas Sales Of CAD275m In Q2 2011 78
Jun 28, 2011: Petrobank Energy Announces Increase In May River Contingent Resources 79
May 16, 2011: Petrobank Energy Reports Q1 2011 Results 79
Mar 14, 2011: Petrobank Energy Reports 2010 Results 80
Appendix 82
Methodology 82
Coverage 82
Secondary Research 82
Primary Research 82
Data Information Sources 83
Company Source 83
SEC/Other Regulatory Filings 83
Other Sources 83
Expert Panel Validation 83
Data Definition 83
Oil and Gas Reserves 83
Units of Measure 83
About GlobalData 84
Disclosure 84
Disclaimer 84
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.
List of Tables
Table 1: Petrobank Energy and Resources Ltd., Share Price Performance, Q3, 2010-Q3, 2011 8
Table 2: Petrobank Energy and Resources Ltd., Key Valuation Metrics, Q3, 2010-Q3, 2011 9
Table 3: Petrobank Energy and Resources Ltd., Results of Oil & Gas Operations Per boe Produced, $/boe, Q3, 2010-Q3, 2011 10
Table 4: Petrobank Energy and Resources Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2010-Q3, 2011 11
Table 5: Petrobank Energy and Resources Ltd., Upstream Capital Expenditure, Q3, 2010-Q3, 2011 12
Table 6: Petrobank Energy and Resources Ltd., Total Crude Oil and Natural Gas, Production, Q3, 2010-Q3, 2011 13
Table 7: Petrobank Energy and Resources Ltd., Total Oil & Gas Production, By Country/Region, MMboe, Q3, 2010-Q3, 2011 14
Table 8: Petrobank Energy and Resources Ltd., Total Crude Oil Production, MMbbl, Q3, 2010-Q3, 2011 15
Table 9: Petrobank Energy and Resources Ltd., Crude Oil Production, By Country/Region, MMbbl, Q3, 2010-Q3, 2011 16
Table 10: Petrobank Energy and Resources Ltd., Total Natural Gas Production, Bcf, Q3, 2010-Q3, 2011 17
Table 11: Petrobank Energy and Resources Ltd., Natural Gas Production, By Country/Region, Bcf, Q3, 2010-Q3, 2011 18
Table 12: Petrobank Energy and Resources Ltd., Share Price Performance, 2006-2010 19
Table 13: Petrobank Energy and Resources Ltd., Key Valuation Metrics, 2006-2010 20
Table 14: Petrobank Energy and Resources Ltd., Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2006-2010 22
Table 15: Petrobank Energy and Resources Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2006-2010 24
Table 16: Petrobank Energy and Resources Ltd., Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2006-2010 25
Table 17: Petrobank Energy and Resources Ltd., Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010 26
Table 18: Petrobank Energy and Resources Ltd., Crude Oil Production and Reserves, By Country/Region, MMbbl, 2006-2010 28
Table 19: Petrobank Energy and Resources Ltd., Crude Oil Reserve Changes, MMbbl, 2006-2010 29
Table 20: Petrobank Energy and Resources Ltd., Natural Gas Production and Reserves Metrics, Bcf, 2006-2010 30
Table 21: Petrobank Energy and Resources Ltd., Natural Gas Production and Reserves, By Country/Region, Bcf, 2006-2010 32
Table 22: Petrobank Energy and Resources Ltd., Natural Gas Reserve Changes, Bcf, 2006-2010 33
Table 23: Petrobank Energy and Resources Ltd., Oil and Gas Reserves Life Index, Years, 2006-2010 34
Table 24: Petrobank Energy and Resources Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2006-2010 36
Table 25: Petrobank Energy and Resources Ltd., Upstream Capital Expenditure, $m, 2006-2010 37
Table 26: Petrobank Energy and Resources Ltd., Proved and Unproved Acquisition Costs, By Country/Region, $m, 2006-2010 38
Table 27: Petrobank Energy and Resources Ltd., Exploration and Development Costs, By Country/Region, $m, 2006-2010 40
Table 28: Petrobank Energy and Resources Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010 42
Table 29: Petrobank Energy and Resources Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2006-2010 45
Table 30: Petrobank Energy and Resources Ltd., Oil and Gas Production Replacement Ratio, %, 2006-2010 46
Table 31: Petrobank Energy and Resources Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2006-2010 51
Table 32: Petrobank Energy and Resources Ltd., Revenue and Expenses, $m, 2006-2010 52
Table 33: Petrobank Energy and Resources Ltd., Revenue and Expenses, By Country/Region, $m, 2006-2010 56
Table 34: Petrobank Energy and Resources Ltd., Oil and Gas Revenue and Expenses, $/boe, 2006-2010 58
Table 35: Petrobank Energy and Resources Ltd., Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2006-2010 62
Table 36: Petrobank Energy and Resources Ltd., Oil and Gas Performance Metrics, 2006-2010 63
Table 37: Petrobank Energy and Resources Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010 64
Table 38: Petrobank Energy and Resources Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2006-2010 67
Table 39: Petrobank Energy and Resources Ltd., Producible Oil and Gas Wells, 2006-2010 68
Table 40: Petrobank Energy and Resources Ltd., Producible Oil and Gas Wells, By Country/Region, 2006-2010 73
Table 41: Petrobank Energy and Resources Ltd., Exploratory and Developed Wells, 2006-2010 74
Table 42: Petrobank Energy and Resources Ltd., Exploratory and Developed Wells, By Country/Region, 2006-2010 75
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.
List of Figures
Figure 1: Petrobank Energy and Resources Ltd., Share Price Performance, CAD/Share, Q3, 2010-Q3, 2011 8
Figure 2: Petrobank Energy and Resources Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2010-Q3, 2011 9
Figure 3: Petrobank Energy and Resources Ltd., Results of Oil & Gas Operations Per boe Produced, $/boe, Q3, 2010-Q3, 2011 10
Figure 4: Petrobank Energy and Resources Ltd., Upstream Capital Expenditure, $m, Q3, 2010-Q3, 2011 12
Figure 5: Petrobank Energy and Resources Ltd., Total Crude Oil and Natural Gas, Production, MMboe, Q3, 2010-Q3, 2011 13
Figure 6: Petrobank Energy and Resources Ltd., Total Oil & Gas Production, By Country/Region, MMboe, Q3, 2010-Q3, 2011 14
Figure 7: Petrobank Energy and Resources Ltd., Total Crude Oil Production, MMbbl, Q3, 2010-Q3, 2011 15
Figure 8: Petrobank Energy and Resources Ltd., Crude Oil Production, By Country/Region, MMbbl, Q3, 2010-Q3, 2011 16
Figure 9: Petrobank Energy and Resources Ltd., Total Natural Gas Production, Bcf, Q3, 2010-Q3, 2011 17
Figure 10: Petrobank Energy and Resources Ltd., Natural Gas Production, By Country/Region, Bcf, Q3, 2010-Q3, 2011 18
Figure 11: Petrobank Energy and Resources Ltd., Share Price Performance, CAD/Share, 2006-2010 19
Figure 12: Petrobank Energy and Resources Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), 2006-2010 20
Figure 13: Petrobank Energy and Resources Ltd., Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2006-2010 21
Figure 14: Petrobank Energy and Resources Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2006-2010 23
Figure 15: Petrobank Energy and Resources Ltd., Total Oil & Gas Production, By Country/Region, MMboe, 2006-2010 23
Figure 16: Petrobank Energy and Resources Ltd., Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2010 25
Figure 17: Petrobank Energy and Resources Ltd., Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010 26
Figure 18: Petrobank Energy and Resources Ltd., Oil Reserves, End of Period, By Country/Region, MMbbl, 2006-2010 27
Figure 19: Petrobank Energy and Resources Ltd., Oil Production, By Country/Region, MMbbl, 2006-2010 27
Figure 20: Petrobank Energy and Resources Ltd., Crude Oil Reserve Changes, MMbbl, 2010 29
Figure 21: Petrobank Energy and Resources Ltd., Natural Gas Production and Reserves Metrics, Bcf, 2006-2010 30
Figure 22: Petrobank Energy and Resources Ltd., Gas Reserves, End of Period, By Country/Region, Bcf, 2006-2010 31
Figure 23: Petrobank Energy and Resources Ltd., Gas Production, By Country/Region, Bcf, 2006-2010 31
Figure 24: Petrobank Energy and Resources Ltd., Natural Gas Reserve Changes, Bcf, 2010 33
Figure 25: Petrobank Energy and Resources Ltd., Oil and Gas Reserves Life Index, Years, 2006-2010 34
Figure 26: Petrobank Energy and Resources Ltd., Gas Reserve Life Index, By Country/Region, Ratio, 2006-2010 35
Figure 27: Petrobank Energy and Resources Ltd., Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2006-2010 35
Figure 28: Petrobank Energy and Resources Ltd., Oil Reserve Life Index, By Country/Region, Ratio, 2006-2010 36
Figure 29: Petrobank Energy and Resources Ltd., Upstream Capital Expenditure, $m, 2006-2010 37
Figure 30: Petrobank Energy and Resources Ltd., Proved Acquisition Costs, By Country/Region, $m, 2006-2010 38
Figure 31: Petrobank Energy and Resources Ltd., Development Costs, By Country/Region, $m, 2006-2010 39
Figure 32: Petrobank Energy and Resources Ltd., Exploration Costs, By Country/Region, $m, 2006-2010 39
Figure 33: Petrobank Energy and Resources Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010 41
Figure 34: Petrobank Energy and Resources Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 43
Figure 35: Petrobank Energy and Resources Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 43
Figure 36: Petrobank Energy and Resources Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 44
Figure 37: Petrobank Energy and Resources Ltd., Proved Reserves Acquisition Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 44
Figure 38: Petrobank Energy and Resources Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2006-2010 46
Figure 39: Petrobank Energy and Resources Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2006-2010 48
Figure 40: Petrobank Energy and Resources Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2006-2010 48
Figure 41: Petrobank Energy and Resources Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2006-2010 49
Figure 42: Petrobank Energy and Resources Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2006-2010 49
Figure 43: Petrobank Energy and Resources Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2006-2010 50
Figure 44: Petrobank Energy and Resources Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2006-2010 50
Figure 45: Petrobank Energy and Resources Ltd., Revenue and Expenses, $m, 2006-2010 52
Figure 46: Petrobank Energy and Resources Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 53
Figure 47: Petrobank Energy and Resources Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 53
Figure 48: Petrobank Energy and Resources Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 54
Figure 49: Petrobank Energy and Resources Ltd., Oil & Gas Revenue, By Country/Region, $m, 2006-2010 54
Figure 50: Petrobank Energy and Resources Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 55
Figure 51: Petrobank Energy and Resources Ltd., Production Costs, By Country/Region, $m, 2006-2010 55
Figure 52: Petrobank Energy and Resources Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 56
Figure 53: Petrobank Energy and Resources Ltd., Oil and Gas Revenue and Expenses, $/boe, 2006-2010 58
Figure 54: Petrobank Energy and Resources Ltd., Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2006-2010 59
Figure 55: Petrobank Energy and Resources Ltd., Lifting Cost per boe, By Country/Region, $/boe, 2006-2010 59
Figure 56: Petrobank Energy and Resources Ltd., Annual Net Income per boe, By Country/Region, $/boe, 2006-2010 60
Figure 57: Petrobank Energy and Resources Ltd., Oil & Gas Revenue per boe, By Country/Region, $/boe, 2006-2010 60
Figure 58: Petrobank Energy and Resources Ltd., Total DD&A per boe, By Country/Region, $/boe, 2006-2010 61
Figure 59: Petrobank Energy and Resources Ltd., Total Revenue per boe, By Country/Region, $/boe, 2006-2010 61
Figure 60: Petrobank Energy and Resources Ltd., Oil and Gas Performance Metrics, 2006-2010 63
Figure 61: Petrobank Energy and Resources Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010 64
Figure 62: Petrobank Energy and Resources Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2006-2010 65
Figure 63: Petrobank Energy and Resources Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2006-2010 65
Figure 64: Petrobank Energy and Resources Ltd., Total Gross Developed Acreage, By Country/Region, Acres, 2006-2010 66
Figure 65: Petrobank Energy and Resources Ltd., Total Net Developed Acreage, By Country/Region, Acres, 2006-2010 66
Figure 66: Petrobank Energy and Resources Ltd., Producible Oil and Gas Wells, 2006-2010 68
Figure 67: Petrobank Energy and Resources Ltd., Gross Productive Gas Wells, By Country/Region, Number, 2006-2010 69
Figure 68: Petrobank Energy and Resources Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010 69
Figure 69: Petrobank Energy and Resources Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2006-2010 70
Figure 70: Petrobank Energy and Resources Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2006-2010 70
Figure 71: Petrobank Energy and Resources Ltd., Net Productive Gas Wells, By Country/Region, Number, 2006-2010 71
Figure 72: Petrobank Energy and Resources Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010 71
Figure 73: Petrobank Energy and Resources Ltd., Net Productive Oil Wells, By Country/Region, Number, 2006-2010 72
Figure 74: Petrobank Energy and Resources Ltd., Exploratory and Developed Wells, 2006-2010 74
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.