Deals - Acquisition, Mergers, Divestitures | Reserves
Boulder Details 2015 Reserves Post-DeeThree Acquisition
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Boulder Energy Ltd. has reported its 2015 year end oil and gas reserves.
Highlights: Total proved ("TP") reserves of 26.1 million boe (71% oil and NGLs) and total proved plus probable ("P+P") reserves of 34.6 million boe (71% oil and NGLs). Approximately 75.5 percent of P+P reserves are in the TP category. Approximately 40.1 percent of P+P reserves are producing (P+P Developed Producing). P+P reserves include 81 future drills, including 74 proved undeveloped locations and 7 probable locations. Future development costs of $222.2 million (TP) and $247.9 million (P+P) (undiscounted).The evaluation of Boulder's petroleum and natural gas reserves as at December 31, 2015 was prepared by the Company's independent reserve engineering firm, Sproule Associates Limited.
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