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General
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Last Update: 03/11/2010
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Supplementary information on
oil and gas producing activities

(unaudited)

Overview

Supplemental information on the Exploration & Production business sector of the Oil & Gas segment
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Reserves

Proved oil and gas reserves are the estimated volumes of crude oil, natural gas and natural gas liquids that are shown by geological and engineering data with reasonable certainty to be recoverable in future years from known reserves under existing economic and operating conditions.
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Operating Results of Operations

This represents only those revenues and expenses directly associated with Wintershall’s oil and gas production.
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Costs

Costs incurred represent amounts capitalized or charged against income as incurred in connection with oil and gas property acquisition, exploration and development activities.
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Capitalized Costs

Capitalized costs represent total expenditures on proved and unproved oil and gas properties with related accumulated depreciation, depletion and amortization.
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Capitalized Exploration Costs

Exploratory drilling costs are capitalized until the drilling of the well is complete.
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Net Cash Flows

Standardized measure of discounted future net cash flows relating to proved oil and gas reserves (SMOG)
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