Sproule Report definition

Sproule Report means the report of Sproule dated February 7, 2019 evaluating the crude oil, natural gas liquids and natural gas reserves of the Corporation as at December 31, 2018;

Sproule Report means the reserve report dated February 27, 2015 and prepared by Sproule in relation to the crude oil and natural gas reserves of the Corporation and the future net production revenues attainable thereto with an effective date of December 31, 2014;

Sproule Report means the independent reserves evaluation prepared by Sproule dated March 19, 2010 of the petroleum and natural gas reserves and the present net worth of those reserves of the Corporation as at December 31, 2009;

Examples of Sproule Report in a sentence

• The following definitions form the basis of the classification of reserves and values presented in the Sproule Report.

• Possible reserves have not been considered in the Sproule Report.

• In such cases, differences are not material and amounts presented are as shown in the Sproule Report.

• The Sproule Report has been prepared in accordance with definitions, standards, and procedures contained in the Canadian Oil and Gas Evaluation Handbook (“COGE Handbook”) and National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI-51-101”).

• The following presentation summarizes the Company’s crude oil, natural gas liquids and natural gas reserves and the net present values before income tax of future net revenue for the Company’s reserves using forecast prices and costs based on the Sproule Report.

More Definitions of Sproule Report

Sproule Report means the report prepared by Sproule dated February 11, 2011 evaluating approximately 43 percent and auditing approximately 10 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, 2010.

Sproule Report means the independent engineering report of Sproule dated June 30, 2005 evaluating, effective March 31, 2005, the oil, NGL and natural gas reserves attributable to the Nexen Assets;

Sproule Report means the report of Sproule dated February 27, 2015 evaluating our crude oil, natural gas liquids and natural gas reserves as at December 31, 2014;

Sproule Report means the independent engineering evaluation of Bonterra's oil, natural gas and NGLs interests prepared by Sproule dated February 7, 2023 and effective December 31, 2022 utilizing the average commodity price forecasts of Sproule, GLJ Petroleum Consultants and McDaniels & Associates Consultants Ltd. dated December 31, 2022; and

Sproule Report means the independent engineering evaluation of the oil and natural gas reserves attributable to the properties of the Company prepared by Sproule dated February 13, 2019 and effective December 31, 2018.

Sproule Report means the report prepared by Sproule dated March 22, 2016 and effective December 31, 2015 evaluating the crude oil, NGLs and natural gas and future net production revenues attributable to the properties of Old Petrus.

Sproule Report means the independent engineering evaluation of AOG 's oil, NGL and natural gas interests prepared by Sproule dated April 19, 2004 and effective December 31, 2003;