Reserves

Reserves:(1)(4) Natural Gas
(mmcf)
Light, Medium
and Heavy Oil
(mbbls)
Natural Gas
Liquids
(mbbls)
Total Reserves(2)
(mboe)
Proved:
Proved producing 627,110 3,517 49,355 157,390
Proved non-producing 17,041 313 1,363 4,516
Proved undeveloped 597,138 338 47,243 147,104
Total Proved: 1,241,288 4,168 97,961 309,010
Probable 742,922 7,156 49,866 180,843
Total proved plus probable 1,984,210 11,324 147,827 489,853
Proved reserve life index (years)(3) 12.5
Proved plus probable reserve life index (years)(3) 18.8
 

 

  1. Bonavista’s gross reserves are based on the GLJ reserve report dated February 3, 2020, GLJ reserve estimates based on forecast prices and costs as of January 1, 2020.
  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 2020 production forecast for the applicable year prepared by GLJ.
  4. Amounts may not add due to rounding.
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