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Question 7 Ephrayim Energy Limited Estimated Quantities of Net Proved Crude Oil and Natural Gas Liquids in Thousands of Barrels. Year Ended 31 Dec 2019

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Question 7 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 Revisions of previous estimate Improved recovery Purchase of reserve in place Sales of reserve in place Extensions and discoveries Production End of year proved reserves 3200 60 210 50 23 53 350 2654 3400 130 132 15 32 73 480 2729 3700 221 115 10 37 65 655 2828 What is the reserve replacement ratio for the year 2021

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