Crescent Point Energy Trust

Capex

Production

Crescent Point achieved another record quarter for production in the fourth quarter of 2007, averaging 33,351 boe/d and exceeding the Trust’s market guidance of 31,250 boe/d. The Trust participated in the drilling of 35 (27.2 net) oil wells and 2 (1.7 net) service wells, achieving a 100 percent success rate and adding in excess of 1,800 boe/d of initial interest production, not including volumes added from fracture stimulation activities. Crescent Point fracture stimulated 23 (22.0 net) operated Bakken horizontal wells achieving average post fracture production rates exceeding 200 boe/d per stimulation. Average production for the full year was 28,117 boepd.

The Trust exceeded its fourth quarter 2006 average daily production target, producing 21,369 boe/d for the quarter. This represents a 55 percent increase from the 13,791 boe/d produced in the fourth quarter of 2005.

Crescent Point had an average production rate of 12,164 boe/d for 2005.

Reserves

In 2007, Crescent Point replaced 410 percent of production on a proved plus probable basis, not including reserves added through acquisitions. Including acquisitions, the Trust increased its year end proved plus probable reserves by 85 percent to 167.5 million boe and its proved reserves by 81 percent to 115.7 million boe. Year end 2006 reserves were 90.3 million boe proved plus probable and 64.0 million boe proved.
• The Trust increased its net asset value (“NAV”) per unit to $40.21 at year end 2007 from $21.61 at year end 2006 and from $15.12 at year end 2005, based on independent engineering evaluations of reserves and escalated price assumptions discounted at 5 percent. The Trust has increased NAV per unit every year since inception.
• Crescent Point achieved technical revisions on its core Viewfield Bakken assets of 20.8 mmboe proved and 35.7 mmboe proved plus probable. At year end 2007, the Trust had Bakken reserves of 47.0 mmboe proved and 70.2 mmboe proved plus probable.
• Crescent Point increased its proved plus probable reserve life index to 13.3 years from 11.9 years.
• Including the acquisitions of Pilot and Landex, the Trust’s reserves will increase to 175.7 million boe proved plus probable and its reserve life index to 14.0 years.

Crescent Point replaced 147 percent of 2006 production, not including reserves added through acquisitions. Including acquisitions, the Trust increased its year end reserve base by 94 percent on a proved basis and 88 percent on a proved plus probable basis. Year end 2006 reserves are 64.0 million boe proved and 90.3 million boe proved plus probable, up from 32.9 million boe proved and 47.9 million boe proved plus probable at the end of 2005. With the acquisition of Mission, the Trust's independently assigned reserve base increased by 15.9 million boe and 25.0 million boe to 79.9 million boe proved and 115.3 million boe proved plus probable, respectively.

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