CG&A

APRIL 17, 2022

Introduction Drilling locations come with an expiration date once booked in a reserve report. For public filers and/or aspiring private companies heading towards IPO, this means that all drilling locations expire in 5 years from date of first booking, unless production starts. Lets run through using a fact or fiction? Fact or fiction?

Consulting 52

Consulting BCF Engineering Engineer 52

CG&A

JUNE 2, 2022

Without any other data, it would be difficult to book the volumes above the well completion as oil (Fig 1 – Updip Volume A).Of Of course, those volumes can be booked as gas based on the physics of fluid densities, but oil is preferred.It Proceed at your own risk! Reg S-X 210.4-10 10 (a)(22)(ii)).To Reg S-X 210.4-10

Oil 52

Oil Associated Gas Gas Completion 52

CG&A

MAY 2, 2022

Current Rules The Sarbanes-Oxley Act of 2002, the Society of Petroleum Engineers Reserves Management System publication in 2007, and the increased development of shale resources starting in the early 2000s paved the way for the SEC to revise those rules.On

Oil 52

Oil Possible Reserves Gas Petroleum 52

Oil & Gas 360º

MARCH 10, 2025

Drilling Locations This press release discloses drilling inventory in two categories: (i) booked locations (proved and probable); and (ii) unbooked locations. Booked locations represent the summation of proved and probable locations, which are derived from McDaniel & Associates Consultants Ltd.’s

Energy 130

Energy Energy Exploration and Production Crude Oil 130