In accordance with National Instrument 51-101, a Mcfe conversion ratio for oil of 1 Bbl:6 Mcf has been used, which is based on an energy equivalency conversion method primarily applicable at the burner tip and does not necessarily represent a value equivalency at the wellhead.
The following is a summary of reserves for the assets of Perpetual Energy Inc.
|
|
December 31, 2012 Reserves |
||
| Reserve Category | Oil & NGL(1) (Mbbl) |
Natural Gas(1) (MMcf) |
Oil Equivalent(1) (Mboe) |
|
Proved producing |
2,336 | 119,980 |
22,332 |
|
Proved non-producing |
263 | 16,929 | 3,084 |
|
Proved undeveloped |
2,553 | 49,856 | 10,862 |
|
Total proved |
5,151 | 186,765 | 36,278 |
|
Probable producing |
1,085 | 41,051 | 7,926 |
|
Probable non-producing excluding gas over bitumen |
188 | 23,987 |
4,186 |
| Probable undeveloped | 3,635 | 118,242 | 23,342 |
|
Probable shut-in gas over bitument |
- | 19,896 | 3,316 |
| Total probable | 4,907 | 203,176 | 38,770 |
|
Total proved and probable |
10,058 | 389,941 | 75,048 |
|
Reserve Life Index (2) |
2012 | ||
|
Total proved |
6.1 | ||
| Proved and probable | 11.0 | ||
(1) As evaluated by McDaniel & Associates and GLJ Petroleum Consultantss Ltd.
(2) Calculated as year-end reserves divided by year-one production estimate as at December 31, 2012 as evaluated by the
independent reserve engineering firms