With no major acquisitions this year, Pine Cliff’s reserves fell 5% on a PDP basis to 50mmboe, 5% on a 1P basis to 51.1mmboe and 5% on a 2P basis to 67.2mmboe. PDP makes up 98% of 1P reserves and 74% of 2P reserves. Based on 4Q17 production of 21,489 boe/d, this represents a 1P RLI of 6.5 years and a 2P RLI of 8.6 years. Reported BT NPV10 of $171.6 mm ($3.44/boe) for PDP, $176.9mm ($3.46/boe) for 1P and $240.1mm ($3.57/boe) for 2P. On a 2P basis, this is down $106.8mm or 31% YoY largely
13 Feb 2018
2017YE reserves and 2018 guidance
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2017YE reserves and 2018 guidance
Pine Cliff Energy Ltd. (PNE:TSE) | 0 0 0.0% | Mkt Cap: 92.1m
- Published:
13 Feb 2018 -
Author:
Stacey E. McDonald -
Pages:
8
With no major acquisitions this year, Pine Cliff’s reserves fell 5% on a PDP basis to 50mmboe, 5% on a 1P basis to 51.1mmboe and 5% on a 2P basis to 67.2mmboe. PDP makes up 98% of 1P reserves and 74% of 2P reserves. Based on 4Q17 production of 21,489 boe/d, this represents a 1P RLI of 6.5 years and a 2P RLI of 8.6 years. Reported BT NPV10 of $171.6 mm ($3.44/boe) for PDP, $176.9mm ($3.46/boe) for 1P and $240.1mm ($3.57/boe) for 2P. On a 2P basis, this is down $106.8mm or 31% YoY largely