Our near term focus remains on delivering immediate results in a disciplined manner while advancing our Wapiti Montney condensate-rich natural gas resource play that has strong economics and significant upside potential even in a low commodity price environment. Our current business plan involves the focused development of our Montney condensate-rich natural gas projects to deliver near and long term operating and financial results.
Substantially all of our capital expenditures are on the Wapiti Montney play. The Wapiti Montney play has natural gas production with significant condensate which is a key driver of the economics. Condensate is critical to the heavy oil business as heavy oil bitumen must be combined with condensate in order to create the viscosity required to permit transportation on pipelines. The growing impact of condensate production on our corporate production mix and revenue is evident in our quarterly production and financial results. Condensate sales account for more than 60 percent of NVA revenues.