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2020 Annual Report Financial and Operating Highlights ( $ 000 , except as otherwise indicated ) Financial Statement Highlights Sales including realized derivatives Net income ( loss ) and comprehensive income ( loss ) per basic share ( 2 ) MADVANTAGE Basic weighted average shares ( 000 ) Cash provided by operating activities Cash provided by financing activities Cash used in investing activities Other Financial Highlights Adjusted funds flow ( 1 ) per boe ( 1 ) per basic share ( 1 ) ( 2 ) Net capital expenditures ( ¹ ) Working capital deficit ( ¹ ) Bank indebtedness Net debt ( 1 ) Operating Highlights Production Crude oil and condensate ( bbls / d ) NGLs ( bbls / d ) Total Liquids ( bbls / d ) Natural gas ( mcf / d ) Total production ( boe / d ) Average realized prices ( including realized derivatives ) Natural gas ( $ / mcf ) Crude oil and condensate ( $ / bbl ) NGLs ( $ / bbl ) Operating Netback ( $ / boe ) Petroleum and natural gas sales from production Net sales of natural gas purchased from third parties ( ¹ ) Realized gains ( losses ) on derivatives Royalty expense Operating expense Transportation expense Operating netback ( 1 ) $ $ $ $ GA GA GA $ $ $ $ $ GA $ GA GA GA $ 31,738 $ 7.92 $ 0.17 $ 32,390 $ 4,292 $ $ $ 247,105 $ $ 251,397 $ $ $ OIL & GAS LTD . $ Three months ended December 31 2020 69,930 24,168 $ 0.13 $ 188,113 30,260 $ 5,071 $ 37,325 $ 2,306 2,234 4,540 233,949 43,532 2.45 $ 55.08 $ 27.04 $ 18.28 $ ( 0.74 ) ( 0.77 ) ( 2.68 ) ( 3.62 ) 10.47 $ 2019 76,921 $ ( 1,844 ) $ ( 0.01 ) $ 186,911 39,965 $ 20,037 $ 50,365 $ 1,337 1,694 3,031 266,035 47,370 $ 2.58 68.53 $ 33.75 $ 17.69 $ ( 0.04 ) ( 0.51 ) ( 1.89 ) ( 3.46 ) 11.79 $ Q4 Year ended December 31 2020 44,452 $ 104,661 $ 155,180 6.37 10.20 $ 0.23 $ 59,609 $ 7,996 $ $ 0.56 $ 157,935 4,292 $ 295,624 $ 247,105 $ 303,620 $ 251,397 $ 240,058 $ ( 284,045 ) $ ( 1.51 ) $ 187,761 100,714 48,087 $ 158,621 $ 2,379 2,029 4,408 243,081 44,922 14.91 LA LA 2.02 $ 48.58 $ 24.35 $ ( 0.28 ) ( 0.64 ) ( 2.43 ) ( 3.39 ) $ 2019 275,237 ( 24,654 ) ( 0.13 ) 186,659 156,063 24,317 173,640 8.17 $ 9.59 0.83 184,922 7,996 295,624 303,620 1,166 1,534 2,700 249,802 44,334 2.49 67.34 35.31 15.53 ( 0.09 ) 1.48 ( 0.29 ) ( 1.98 ) ( 3.50 ) 11.15 $ ( 1 ) Non - GAAP Measure which may not be comparable to similar non - GAAP measures used by other entities . Please see " Non - GAAP Measures " . Based on basic weighted average shares outstanding . ( 2 )