GLJ Report definition

GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 8, 2016 and effective December 31, 2015;

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GLJ Report means the report of GLJ dated effective as of December 31, 2013, with a preparation date of January 16, 2014, assessing and evaluating the proved and probable reserves and contingent resources of the Corporation located in the Christina Lake, Surmont, Thornbury, Greater May River, West Jackfish, West Kirby, East Kirby and Portage areas of Alberta.

GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 11, 2022 and effective December 31, 2021.

Examples of GLJ Report in a sentence

• The following formula will determine JED's working interest assignment in the Joint Venture Lands: W = (X - Y) × .70 X Where: W = JED's working interest in the Joint Venture Area; X = value (based upon a 10% net present valuation) of total proved reserves based on the current independent engineering report at the Conversion Date; Y = value (based upon a 10% of net present valuation) of total proved reserves as determined the GLJ Report dated October 31, 2003.

• GLJ has not included any abandonment and reclamation costs in the GLJ Report.

• There is no assurance that the forecast price and cost assumptions contained in the GLJ Report will be attained and variances could be material.

• The GLJ Report presents net revenue projections prepared for the reserves attributable to the ownership interest of Western along with a discussion of the evaluation.

• RESERVES DATA GLJ prepared the GLJ Report as at March 11, 2005 which evaluated the reserves attributable to Western as of December 31, 2004.

More Definitions of GLJ Report

GLJ Report means the independent engineering evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 9, 2011 and effective December 31, 2010;

GLJ Report means the report of GLJ dated April 12, 2012, evaluating the crude oil, natural gas liquids and natural gas reserves of the Corporation as at December 31, 2011;

GLJ Report means the independent engineering evaluation of certain oil, NGL and natural gas interests of the Trust prepared by GLJ dated February 8, 2010 and effective December 31, 2009;

GLJ Report means the report of GLJ dated February 9, 2021 evaluating the crude oil, natural gas and NGL reserves of the Company as at December 31, 2020;

GLJ Report means the independent engineering evaluation of certain oil, NGL and natural gas interests of the Trust prepared by GLJ dated February 27, 2007 and effective December 31, 2006;

GLJ Report means the report dated February 19, 2013 prepared by GLJ evaluating the oil, NGL and natural gas reserves attributable to the properties of the Company effective December 31, 2012.

GLJ Report means the report prepared by GLJ dated February 11, 2010 evaluating approximately 48 percent of the crude oil, natural gas and natural gas liquids reserves of Penn West and the net present value of future net revenue attributable to those reserves effective as at December 31, 2009.