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Exhibit 99.1
REPORT TO THE SHAREHOLDER OF BURLINGTON RESOURCES CANADA ENERGY LTD.
We have audited the consolidated balance sheets of Burlington Resources Canada
Energy Ltd. as at December 31, 1999 and 1998 and the consolidated statements of
income, stockholders' equity and cash flows for each of the years in the three
year period ended December 31, 1999. These financial statements are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform an audit to obtain
reasonable assurance whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement presentation.
In our opinion, these consolidated financial statements present fairly, in all
material respects, the financial position of the Company as at December 31, 1999
and 1998 and the results of its operations and cash flows for each of the years
in the three year period ended December 31, 1999 in accordance with United
States generally accepted accounting principles.
KPMG LLP
Chartered Accountants
Calgary, Canada
March 3, 2000
