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Question 3 Ephrayim Energy Limited Estimated Quantities of Net Proved Crude Oil and Natural Gas Liquids in Thousands of Barrels. Year Ended 31 Dec
Question 3 Ephrayim Energy Limited Estimated Quantities of Net Proved Crude Oil and Natural Gas Liquids in Thousands of Barrels. Year Ended 31 Dec 2019 2020 2021 Beginning of year proved reserved 3200 3400 3700 Revisions of previous estimate 60 130 221 Improved recovery 210 132 115 Purchase of reserve in place 50 15 10 Sales of reserve in place 23 32 37 Extensions and discoveries 53 73 65 Production 350 480 655 End of year proved reserves 2654 2729 2828 What is the reserve replacement ration for the year 2019?
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
