The final step in your B Corp journey will last the longest. If you work with a start-up or smaller company, learn more about preparing for the process of full certification by becoming a Pending B Corporation. Production, funds flow and free funds flow per share registered 2% to 7% above consensus. We executed to plan, on budget and delivered record results. Well, so we -- and it depends exactly when we sanction it because there's some winter construction that has to happen. What year did bc open their ipod. Last year, once again, we did what we said we would do.
The intention is for us to understand the process more so than anything else. We are excited about this agreement with a high-quality counterparty and the diversified exposure it provides to global natural gas prices. In 2022, we initially put forth the free funds flow allocation framework to return 50% to 80% of free funds flow to shareholders and executed to that plan. So if you think about our Sunrise asset, we knew from very early days we had enough vertical separation and frac barriers within that reservoir that we could come in and develop the lower Montney and it was completely isolated from the upper and middle Montney. B Corp Certification is holistic, not exclusively focused on a single social or environmental issue. So you're correct that if we see value in that and a way of developing that as a separate layer, you would see those inventory counts come up. Or would you need to refresh that when you go to Board approval for that project later this year if it goes that way? Michael Harvey - RBC Capital Markets. You'll then enter the Verification Queue, where you'll be asked to provide information about your employees and any suppliers. Aaron Bilkoski - TD Securities. And for more details before you get started, be sure to check out our Certification Guides above: Register for the free and confidential B Impact Assessment. What year did bc open their ip address. Looking back at 2022, what I am most pleased about is that we stuck to our guiding principles and remain disciplined. So specific to Kakwa, as far as the performance, you're right. We potentially would look for another rig depending on timing.
Thanks, everyone, for joining the call. And while the economic incentive is there to grow supply today, there are limiting factors to the pace of growth. Following our prepared remarks, we'll open the line to questions. "This is the only decorated room of the tomb, with an unusual decoration of painting on lime plaster, " Yassin said. IONOS shares slip below IPO price at start of trading | Financial Post. Condensate fundamentals remain constructive in both the near and long term. Related Entities: Are you a subsidiary, or does your company have a Subsidiary, Franchise, Division, or other affiliated entities?
Our results yielded a 35% return on capital employed. That's the beauty of our asset base. Recertification confirms these standards continue to be met on an ongoing basis. Aaron, it's Lara Conrad. China IPO Reform Is ‘Significant Milestone’, Goldman Sachs Says. Can you just comment on the revisions on the conde versus gas? So when you think about Kakwa, managing a gas field versus managing a liquids-rich field is a little bit different. We like everything that's in there.
And then also just on the capital for the project kind of unchanged at $700 million. First, at Dawson, we achieved 1 Tcf of natural gas produced, proof of the quality and scale of our asset base. 50 euros, the company said. As debt was reduced, we increased the range of returns to shareholders to 50% to 100% of free funds flow and anticipate that we'll be at the middle or top end of that range in 2023. 4 billion which is within guidance and generated $2. So that's kind of our timing and we've been consistent on that. ©2023 Bloomberg L. P. Advertisement. What year did bc open their ipo in 2022. Can you -- and I know you were, I believe, on the whole targeting more higher CGR wells in 2022. We will do that through disciplined investments in our assets by executing on margin expansion opportunities like LNG and by reducing the share count when it's accretive to do so like it is today. Onshore IPOs remained active throughout 2022 amid strong appetite by local investors even as they slumped in traditional venues from New York to Hong Kong. Pairing this with well cost reductions, we achieved a lower sustaining capital and further improved capital efficiencies at the largest condensate producing asset in Canada. 3 billion of free funds flow.
Second, there are high-value areas identified in the agreement with the Blueberry River First Nations that are of critical importance to the nation and puts limits on future development. What -- if you just wanted to hold things flat there, how many wells do you think you guys would need to drill every year? Meanwhile, well performance is exceeding expectations with Kakwa delivering some of the strongest condensate wells in Canada. So that's kind of -- and the other services within our portfolio right now, we can actually manage that and pull some of that over from Alberta into BC. You said if you were to sanction Attachie later this year, when could we expect it to come on stream? Large companies that previously would have turned to Hong Kong could consider the onshore market, he said. Just trying to get a sense for some of the logistics on flows of equipment. We increased production to about 190, 000 BOE per day and it generated $2. As far as the conde versus gas, we saw positive technical revisions in both categories for Kakwa. I just have a couple of questions on Kakwa. Terry, please go ahead. Offsetting the third-party outages is stronger-than-forecast base production which will support consistent production growth over the balance of 2023. We anticipate to be in a position to sanction the project this year.
So that's where we're trying to figure out those finer details but that's kind of where we sit. The China Securities Regulatory Commission's plan unveiled this week eases rules for initial public offerings across all of its exchanges that will simplify and quicken the process. Thanks, Michael, for that question. And yes, very pleased. They build trust with consumers, communities, and suppliers; attract and retain employees; and draw mission-aligned investors.
I'll keep my prepared remarks relatively brief before I pass it over to Kris to touch on the financial results. The proposed amendments build on rules adopted by Shanghai's Star board in 2019 and Shenzhen's ChiNext in 2020, Wang said. Check out our guides to learn more about the different routes to certification. Moving forward, we'll continue to evaluate additional commercial opportunities that leverage our investment-grade credit rating, scale and ESG leadership, all competitive strengths that make these types of transactions possible. Over the course of the year, we also reached some significant milestones that have important implications when I think about asset quality and future LNG potential. You can save and return to your assessment at any time. This is critical in our business to capitalize on opportunities through the cycle. Lara Conrad - Chief Development Officer. Ladies and gentlemen, this does conclude the conference call for today.
With input from experts and stakeholders, B Lab's Standards Advisory Council continually evolves our risk standards to effectively evaluate the potential negative impacts of different industries, policies, and practices. To put this into perspective, Dawson has 23 Tcf of gas in place. These are identified in the map on the screen. Your company's pathway to becoming a Certified B Corporation will vary depending on a few factors.
The press release, financial statements and MD&A are also available on our website as well as SEDAR. The initial public offering was priced on Tuesday at 18. These are our priorities and I look forward to sharing our progress on them in the quarters to come. So when we talk about Kakwa, we're very much focused on the Middle Montney. All subsidiaries must also follow the Large Enterprise approach, regardless of size. As I reflect back on the past year and look ahead at what's to come, there are 3 key items that stand out.
So we're set up to do that. A meaningful portion of orders came from hedge funds in the run-up to the listing, a source close to the matter said before books closed on Tuesday. Shares started trading at 18. 8 billion to deliver average production of 345, 000 to 350, 000 BOE per day. Did you know that each year, B Lab releases Best for the World lists of the top-performing Certified B Corps from around the globe?
As Terry mentioned, we closed the year with a record quarter. How should I think about the cadence of bringing these on stream in 2023? And the process to achieve and maintain certification is rigorous and requires engaging teams and departments across your company. So you'll see those get completed and brought on stream here right away. Second, we strengthened our business in 2022 by entering into a natural gas supply agreement with Cheniere that will commence with the start-up of the Corpus Christi Phase III expansion. First, market diversification, as Terry mentioned, was critical.
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