We refer to the short form prospectus of PanCanadian Petroleum Limited, now called EnCana Corporation (“PanCanadian”)
dated September 21, 2001 relating to the sale and issue of up to Cdn. $1,000,000,000 in Medium Term Notes and the short form
base shelf prospectus of PanCanadian dated October 25, 2001 relating to the sale and issue of up to US$1,500,000,000 in debt
securities (collectively, the “Prospectuses”).
The Prospectuses now also incorporate by reference the following unaudited interim consolidated financial statements of
We have not audited any financial statements of the Company as at any date or for any period subsequent to December 31,
2001. Although we have performed an audit for the year ended December 31, 2001, the purpose and therefore the scope of the
audit was to enable us to express our opinion on the financial statements as at December 31, 2001 and for the year the ended,
but not on the financial statements for any interim period within that year.
Therefore, we are unable to and do not express opinions on the unaudited interim consolidated statements of earnings, retained
earnings and cash flows for the three and nine months ended September 30, 2002 and 2001.
We have, however, performed a review of the unaudited interim financial statements of the company for the three and nine
month periods ended September 30, 2002 and 2001. We performed our review in accordance with Canadian generally accepted
standards for a review of interim financial statements by an entity’s auditors. Such an interim review consists principally of
applying analytical procedures to financial data, and making enquiries of, and having discussions with, persons responsible for
financial and accounting matters. An interim
PricewaterhouseCoopers refers to the Canadian firm of PricewaterhouseCoopers LLP and other members of the worldwide PricewaterhouseCoopers organization.
review does not provide assurance that we would become aware of any or