Reserves

Reserves:(1)(4) Natural Gas
(mmcf)
Light, Medium
and Heavy Oil
(mbbls)
Natural Gas
Liquids
(mbbls)
Total Reserves(2)
(mboe)
Proved:
Proved producing 632,341 5,526 44,991 155,907
Proved non-producing 32,977 305 1,380 7,181
Proved undeveloped 462,829 2,097 30,860 110,095
Total Proved: 1,128,147 7,928 77,231 273,183
Probable 592,890 3,241 38,966 141,022
Total proved plus probable 1,721,037 11,169 116,197 414,205
Proved reserve life index (years)(3) 10.5
Proved plus probable reserve life index (years)(3) 14.4
 

 

  1. Bonavista’s gross reserves are based on the GLJ reserve report dated January 26, 2017, GLJ reserve estimates based on forecast prices and costs as of January 1, 2017.
  2. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
  3. Calculated based on the amount for the relevant reserve category divided by the 2017 production forecast for the applicable year prepared by GLJ.
  4. Amounts may not add due to rounding.
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