Reserves were up 258% y/y on a PDP basis to 4.6mmboe, 47% on a 1P basis to 15.1mmboe and 63% on a 2P basis to 37.1mmboe. Increased bookings were due to ongoing delineation drilling on its Doe/Mica Montney core area and higher per well bookings (Lower Montney Turbidite oil window moved from 650mboe to 855mboe). Based on managements stated 4Q17 production volumes of 3,802 boe/d, this represents a 1P RLI of 10.8 years and a 2P RLI of 26.7 years. We calculate 2P Future Development Costs of $167
27 Feb 2018
Drilling at Doe/Mica results in higher y/y reserve bookings
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Drilling at Doe/Mica results in higher y/y reserve bookings
- Published:
27 Feb 2018 -
Author:
Stacey E. McDonald -
Pages:
8
Reserves were up 258% y/y on a PDP basis to 4.6mmboe, 47% on a 1P basis to 15.1mmboe and 63% on a 2P basis to 37.1mmboe. Increased bookings were due to ongoing delineation drilling on its Doe/Mica Montney core area and higher per well bookings (Lower Montney Turbidite oil window moved from 650mboe to 855mboe). Based on managements stated 4Q17 production volumes of 3,802 boe/d, this represents a 1P RLI of 10.8 years and a 2P RLI of 26.7 years. We calculate 2P Future Development Costs of $167