Reserves & Resources

2017 RESERVES SUMMARY

SUMMARY OF PROVED, PROBABLE (2P) RESERVES
(As of September 30, 2017)  

 PROVED RESERVE CATEGORY  OIL (BBL)   GAS (MCF)   FUTURE NET INCOME USD $   PV10 (BEFORE TAX) USD $ 
 Proved Developed Producing  189,170 70,550 $7,412,140 $3,865,910
 Proved Non – Producing  219,430 53,230 $10,130,140 $5,557,590
 Proved Shut-In   0  0 -$152,250 -$15,130
 Proved Undeveloped  2,040,590 128,200 $81,942,100 $34,418,380
 TOTAL PROVED  2,449,190 251,980 $99,332,130 $43,826,750
Probable Producing 68,470 0 $4,091,420 $1,694,670
Probable Non-Producing 37,220 59,930 $1,984,450 $722,360
 Probable Undeveloped  3,321,610 7,397,410 $154,118,240 $68,964,670
Total Probable 3,427,300 7,457,340 160,194,110 71,381,700
 TOTAL PROVED & PROBABLE  5,876,490 7,709,320 259,526,240 115,208,450

 

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