Question 5 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 Net Wells to Gross Wells Ratio Gross Wells Working Interest (%) Net Wells 20 100% 15 75% 8 60% 17 50% 7 40% 4 20% 7 15% 8 10% What is the average reserves per Well ratio for 2020?