While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for NuVista. Payout means the anticipated years of production from a well required to fully pay for the drilling, completion, equipping and tie-in of such well. Basis of presentation Unless otherwise noted, the financial data presented in this press release has been prepared in accordance with Canadian generally accepted accounting principles ("GAAP") also known as International Financial Reporting Standards ("IFRS"). The reporting and measurement currency is the Canadian dollar. National Instrument 51-101 - "Standards of Disclosure for Oil and Gas Activities" includes condensate within the product type of natural gas liquids. NuVista has disclosed condensate values separate from natural gas liquids herein as NuVista believes it provides a more accurate description of NuVista's operations and results therefrom.