Year-End 2003 proved Reserves

摘要

Its net dbt-tototal-capitalization ratio will be about 42%(by year-end),down from 54%currently.Its equity market capitalization will be approximatelydollar7.7 billion,and its total enterprise value,approximately dollar11.7 billion.Westport has 297 million BOE of proved rserves,putting the implied deal value at dollar11.45per BOE-substantially higher than the recent high-watr mark fo an implied dollar9 per BOE that Devon Energy Corp.paid fo rocean Energy Inc.last year.