Reserves & Resources

2018 RESERVES SUMMARY

SUMMARY OF PROVED, PROBABLE (2P) RESERVES
(As of November 30, 2018)

PROVED RESERVE CATEGORY OIL (BBL) GAS (MCF) FUTURE NET INCOME USD $ PV10 (BEFORE TAX) USD $
Proved Developed Producing 641,500 109,820 $26,698,850 $11,285,430
Proved Non-Producing 277,540 17,020 $13,224,130 $7,815,500
Proved Shut-In 0 0 -$161,690 -$22,320
Proved Undeveloped 3,343,980 677,740 $147,599,620 $59,248,180
TOTAL PROVED 4,263,020 804,580 $187,360,910 $78,326,790
Probable Producing 87,400 55,350 $4,988,950 $2,367,890
Probable Non-Producing 35,030 0 $1,750,500 $640,820
Probable Undeveloped 3,309,860 7,382,750 $128,386,230 $60,488,960
Total Probable 3,432,290 7,438,100 $135,125,680 $63,497,670
TOTAL PROVED & PROBABLE 7,695,310 8,242,680 $322,486,590 $141,824,460

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