Reserves

Reserves:(1)(4) Natural Gas
(mmcf)
Light, Medium
and Heavy Oil
(mbbls)
Natural Gas
Liquids
(mbbls)
Total Reserves(2)
(mboe)
Proved:
Proved producing 642,376 4,489 43,267 154,819
Proved non-producing 33,151 325 1,808 7,658
Proved undeveloped 479,484 1,548 31,069 112,531
Total Proved: 1,155,012 6,362 76,145 275,008
Probable 722,009 2,905 39,495 162,735
Total proved plus probable 1,877,021 9,266 115,640 437,743
Proved reserve life index (years)(3) 10.3
Proved plus probable reserve life index (years)(3) 15.2
 

 

  1. Bonavista’s gross reserves are based on the GLJ reserve report dated January 31, 2018, GLJ reserve estimates based on forecast prices and costs as of January 1, 2018.
  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 2018 production forecast for the applicable year prepared by GLJ.
  4. Amounts may not add due to rounding.
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