Common use of Reserve Report Data Clause in Contracts

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 2017, 2018 and 2019 included in or incorporated by reference in the Preliminary Offering Memorandum and the Final Offering Memorandum are derived from reports that have been prepared by the independent petroleum consulting firms as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172008, 2018 2007 and 2019 included in or incorporated by reference 2006 contained in the Preliminary Offering Memorandum Registration Statement, the Time of Sale Information and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect reflect, in all material respects respects, the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applicable thereto applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172007, 2018 December 31, 2008, and 2019 included in or incorporated by reference December 31, 2009, contained in the Preliminary Offering Memorandum and the Final Offering Memorandum General Disclosure Package are derived from reports that have been prepared by the independent petroleum consulting firms Xxxxxx, Xxxxxxxxx & Associates, Inc., and as set forth therein, such reserve estimates fairly reflect in all material respects the estimated oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applied on a consistent basis throughout applicable thereto at the periods involvedtime such estimates were prepared.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended June 30, 2003 and 2004, the six months ended December 31, 20172005 and the year ended December 31, 2018 and 2019 included in or incorporated by reference 2006 contained in the Preliminary Offering Memorandum Registration Statement, the Time of Sale Information and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms as set forth thereinin the Registration Statement, the Time of Sale Information and the Prospectus, to the Company’s knowledge, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein in the Registration Statement, the Time of Sale Information and are the Prospectus and were prepared in accordance, in all material respects, accordance with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172008, 2018 2007 and 2019 included in or incorporated by reference 2006 contained in the Preliminary Offering Memorandum Prospectus and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms as set forth therein, such reserve estimates fairly reflect reflect, in all material respects respects, the estimated oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applicable thereto applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172012, 2018 December 31, 2013, and 2019 included in or incorporated by reference December 31, 2014, contained in the Preliminary Offering Memorandum and the Final Offering Memorandum General Disclosure Package are derived from reports that have been prepared by the independent petroleum consulting firms Xxxxxx, Xxxxxxxxx & Associates, Inc., and as set forth therein, such reserve estimates fairly reflect in all material respects the estimated oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applied on a consistent basis throughout applicable thereto at the periods involvedtime such estimates were prepared.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172014, 2018 December 31, 2015 and 2019 included in or incorporated by reference December 31, 2016, contained in the Preliminary Offering Memorandum Registration Statement, the General Disclosure Package and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms Xxxxxx, Xxxxxxxxx & Associates, Inc., and as set forth therein, such reserve estimates fairly reflect in all material respects the estimated oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applied on a consistent basis throughout applicable thereto at the periods involvedtime such estimates were prepared.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172005, 2018 2004 and 2019 included in or incorporated by reference 2003 contained in the Preliminary Offering Memorandum Registration Statement, the Time of Sale Information and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect reflect, in all material respects respects, the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applicable thereto applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172009, 2018 2008 and 2019 included in or incorporated by reference 2007 contained in the Preliminary Offering Memorandum Registration Statement, the Time of Sale Information and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect reflect, in all material respects respects, the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applicable thereto applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172011, 2018 2012 and 2019 2013 included in or incorporated by reference in the Preliminary Offering Memorandum Prospectus and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172009, 2018 2010 and 2019 included in or incorporated by reference 2011 contained in the Preliminary Offering Memorandum Prospectus and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172019, 2018 2020 and 2019 2021 included in or incorporated by reference in the Preliminary Offering Memorandum and the Final Offering Memorandum are derived from reports that have been prepared by the independent petroleum consulting firms as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172011, 2018 2010 and 2019 included in or incorporated by reference 2009 contained in the Preliminary Offering Memorandum Registration Statement, the Time of Sale Information and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect reflect, in all material respects respects, the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applicable thereto applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172003, 2018 2004 and 2019 included in or incorporated by reference 2005 contained in the Preliminary Offering Memorandum Prospectus and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172010, 2018 December 31, 2011, and 2019 included in or incorporated by reference December 31, 2012, contained in the Preliminary Offering Memorandum and the Final Offering Memorandum General Disclosure Package are derived from reports that have been prepared by the independent petroleum consulting firms Xxxxxx, Xxxxxxxxx & Associates, Inc., and as set forth therein, such reserve estimates fairly reflect in all material respects the estimated oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applied on a consistent basis throughout applicable thereto at the periods involvedtime such estimates were prepared.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172006, 2018 2007 and 2019 included in or incorporated by reference 2008 contained in the Preliminary Offering Memorandum Registration Statement, the Time of Sale Information and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms as set forth thereinin the Registration Statement, the Time of Sale Information and the Prospectus, to the Company’s knowledge, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein in such report and are were prepared in accordance, in all material respects, accordance with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172006, 2018 2007 and 2019 included in or incorporated by reference 2008 contained in the Preliminary Offering Memorandum Prospectus and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172007, 2018 2006 and 2019 included in or incorporated by reference 2005 contained in the Preliminary Offering Memorandum Prospectus and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect reflect, in all material respects respects, the estimated oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applicable thereto applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172013, 2018 December 31, 2014, and 2019 included in or incorporated by reference December 31, 2015, contained in the Preliminary Offering Memorandum Registration Statement, the General Disclosure Package and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms Xxxxxx, Xxxxxxxxx & Associates, Inc., and as set forth therein, such reserve estimates fairly reflect in all material respects the estimated oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applied on a consistent basis throughout applicable thereto at the periods involvedtime such estimates were prepared.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172005, 2018 2004 and 2019 included in or incorporated by reference 2003 contained in the Preliminary Offering Memorandum Prospectus and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect reflect, in all material respects respects, the estimated oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applicable thereto applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172021, 2018 2022 and 2019 2023 included in or incorporated by reference in the Preliminary Offering Memorandum and the Final Offering Memorandum are derived from reports that have been prepared by the independent petroleum consulting firms as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172004, 2018 2005 and 2019 included in or incorporated by reference 2006 contained in the Preliminary Offering Memorandum Prospectus and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172023, 2018 2022 and 2019 2021 included in or incorporated by reference in the Preliminary Offering Memorandum Registration Statement, the Time of Sale Information and the Final Offering Memorandum Prospectus are derived from the books and records of the Company and its subsidiaries, with respect to which the petroleum engineering firms have reviewed the proved reserve estimates associated with at least 80% of the discounted future net cash flows before income taxes for such years, all as set forth in the reports that have been prepared by the independent petroleum consulting firms as set forth therein, engineering firms; and such reserve estimates fairly reflect reflect, in all material respects respects, the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, accordance with the Commission guidelines applicable thereto applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172002, 2018 2003 and 2019 included in or incorporated by reference 2004 contained in the Preliminary Offering Memorandum Prospectus and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the independent petroleum consulting firms firm as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172015, 2018 2014 and 2019 included in 2013 contained or incorporated by reference in the Preliminary Offering Memorandum General Disclosure Package and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the Company and audited by the independent petroleum consulting firms as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.

Reserve Report Data. The oil and gas reserve estimates of each of the Company and its subsidiaries for the fiscal years ended December 31, 20172014, 2018 2013 and 2019 included in 2012 contained or incorporated by reference in the Preliminary Offering Memorandum General Disclosure Package and the Final Offering Memorandum Prospectus are derived from reports that have been prepared by the Company and audited by the independent petroleum consulting firms as set forth therein, such reserve estimates fairly reflect in all material respects the oil and gas reserves of each of the Company and its subsidiaries at the dates indicated therein and are in accordance, in all material respects, with the Commission guidelines applied on a consistent basis throughout the periods involved.