Reserve Life Index definition
Reserve Life Index or "RLI" means the amount obtained by dividing the quantity of proved plus probable reserves as at December 31, 2003, by the annualized 2004 production of petroleum, natural gas and natural gas liquids from those reserves as projected in the McDaniel Report.
Reserve Life Index or "RLI" means the amount obtained by dividing the quantity of proved plus probable reserves as at the end of the previous year, by the annualized production of petroleum, natural gas and natural gas liquids from those reserves, in the following year, as projected in the Reserve Report.
Reserve Life Index or "RLI" means the amount obtained by dividing the quantity of Established Reserves as at January 1, 2003 by the annualized 2003 production of petroleum, natural gas and natural gas liquids from those reserves as projected in the McDaniel Report – Provost Properties or the McDaniel Report – Carlyle Properties, as applicable.
More Definitions of Reserve Life Index
Reserve Life Index or “RLI” means the Approval Holder’s Gross Proven plus Probable Reserves divided by the average annual gross sales volumes, as calculated in Section 4 of Schedule 1;
Reserve Life Index means the amount obtained by dividing the quantity of a particular category of reserves by the annualized production of Petroleum Substances from those reserves for a particular period;
Reserve Life Index means the amount obtained by dividing the quantity of a particular category of reserves by Sproule’s forecast of the first year’s production for the corresponding reserve category.
Reserve Life Index means the amount obtained by dividing the quantity of a particular category of reserves by the annualized amount of GLJ's forecast of the production for the remainder of 2004 for the corresponding reserve category.