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

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.
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.
Calculated based on the amount for the relevant reserve category divided by the 2017 production forecast for the applicable year prepared by GLJ.
Amounts may not add due to rounding.