Reserves

Reserves:(1)(4) Natural Gas
(mmcf)
Light, Medium
and Heavy Oil
(mbbls)
Natural Gas
Liquids
(mbbls)
Total Reserves(2)
(mboe)
Proved:
Proved producing 608,909 3,713 43,415 148,613
Proved non-producing 39,030 354 2,198 9,057
Proved undeveloped 573,649 682 40,215 136,505
Total Proved: 1,221,589 4,749 85,829 294,177
Probable 717,873 2,216 42,842 164,704
Total proved plus probable 1,939,462 6,966 128,671 458,881
Proved reserve life index (years)(3) 11.5
Proved plus probable reserve life index (years)(3) 16.6
 

 

  1. Bonavista’s gross reserves are based on the GLJ reserve report dated January 31, 2019, GLJ reserve estimates based on forecast prices and costs as of January 1, 2019.
  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 2019 production forecast for the applicable year prepared by GLJ.
  4. Amounts may not add due to rounding.
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