2023 RESERVES SUMMARY
SUMMARY OF PROVED, PROBABLE (2P) RESERVES
(As of September 2023)
$ Amounts in USD | OIL (BBL) | GAS (MCF) | OPERATING INCOME (BFIT) | PRE-TAX PRESENT VALUE (10%) |
---|---|---|---|---|
Proved | ||||
Developing Producing | 372,180 | 241,250 | $16,330,200 | $8,510,250 |
Developed Non-Producing | 706,030 | 570,900 | $45,219,460 | $28,437,040 |
Undeveloped | 5,081,570 | 2,127,310 | $275,755,840 | $119,320,270 |
Total Proved | 6,159,780 | 2,939,460 | $337,305,490 | $156,267,560 |
Probable | ||||
Probable Developed Producing | 2,000 | 3,420 | $87,620 | $37,340 |
Probable Non-Producing | 150,770 | 6,250 | $9,677,630 | $4,025,990 |
Probable Undeveloped | 7,335,430 | 10,307,090 | $415,329,460 | $170,709,890 |
Total Probable | 7,488,200 | 10,316,760 | $425,094,710 | $174,773,220 |
Total Proved + Total Probable | 13,647,980 | 13,256,220 | $762,400,200 | $331,040,780 |