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

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.
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 2019 production forecast for the applicable year prepared by GLJ.
Amounts may not add due to rounding.