Thanks for the reply, Stuart. When doing further work therefore on the tar sands projects, I will enter the expected peak production rate in the "Peak" column. As opposed to entering merely the expected production rate from the intial stage. (Wiki instructions: "Peak: maximum production expected (thousand barrels/day)."). Based on your remarks, you can then figure out how to handle the Long Tail, as you call it, of these staged projects in the sands.

So for example, I have Long Lake coming on next year with the figure of 60Kb/d entered in the "Peak" column, as their initial stage. I will change that therefore to the expected Peak rate, which, according to Nexen will eventually be about 240Kb/d.

Gregor

If the company breaks the overall development into separate phases with dates and production rates for each, we generally put each phase in as a separate project.