Reserves & Resources

2020 RESERVES SUMMARY

SUMMARY OF PROVED, PROBABLE (2P) RESERVES
(As of September 30, 2020)

PROVED RESERVE CATEGORY OIL (BBL) GAS (MCF) FUTURE NET INCOME USD $ PV10 (BEFORE TAX) USD $
Proved Developed Producing 273,670 68,200 $4,980,620 $2,612,420
Proved Non-Producing 185,540 15,460 $6,274,320 $3,732,120
Proved Shut-In 119,020 8,580 $4,831,570 $1,747,910
Proved Undeveloped 4,027,570 767,680 $110,856,070 $36,792,710
TOTAL PROVED 4,606,800 859,920 $126,942,580 $44,885,150
Probable Shut-In 92,520 6,270 $4,603,710 $1,517,730
Probable Non-Producing 33,950 0 $1,463,030 $509,220
Probable Undeveloped 3,472,880 7,445,420 $102,500,000 $43,000,790
Total Probable 3,599,350 7,451,690 $108,566,740 $45,027,740
TOTAL PROVED & PROBABLE 8,206,150 8,311,610 $235,509,320 $89,912,890

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