Reserves

As per 30 November 2017, the proved oil reserves amounted to 11,269 thousand barrels of oil (MBL) and the proved Natural Gas Liquids (NGL) reserves amounted to 58,173 million cubic feet (MMCF). The total reserves amounted to 20,964 thousand barrels of oil equivalent (MBOE).

CategoryOilNGLTotalPV10*
Total, Proved reserves11,26958,17320,964151,009
(MBL)(MMCF)(MBOE)(TUSD)
Proved developed produced1,2816,5812,37825,818
Proved developed nonproducing2,17117,6395,11041,527
Proved undeveloped7,81733,95313,47683,664

The estimate of reserves has been conducted by independent petroleum consultants DeGolyer and MacNaughton and were prepared in compliance with the United States Securities and Exchange Commission (SEC) regulations.

* Future prices were estimated using guidelines established by the SEC and FASB based on the 12 month average NYMEX oil price and gas price.