Added Total Company Reserves of 14 MMBOE 1P, 17 MMBOE 2P and 31 MMBOE 3P Achieved 126% 1P, 148% 2P and 280% 3P Reserves Replacement Fourth Consecutive Year of 1P Reserves Growth Exploration Discoveries Alone Added Company Reserves of 5 MMBOE 1P, 16 MMBOE 2P and 32 MMBOE 3P Achieved Three-Year Average Per Barrel Finding and Development Costs of $11.69 PDP and $14.51 1P Reserve Life Indexes of 7 (1P), 11 (2P) and 15 (3P) Years Net Present Value Before Tax Discounted at 10 Percent Increased to $2.1 Billion (1P), $3.0 Billion (2P) and $4.1 Billion (3P) 1P Net Asset Value per Share of $4.62 Before Tax, Up 77% from 2021 2P Net Asset Value per Share of $7.36 Before Tax, Up 56% from 2021 Net Debt-Adjusted Production per Share Growth of 67% since 2021 Net Debt-Adjusted Reserves per Share Growth of 56% (1P), 57% (2P) and 69% (3P) since 2021 Future Net Revenue After Taxes and Capital Expenditures Forecast to be $1.4 Billion (1P), $1.7 Billion (2P) and $1.9 Billion (3P) Over the Next Five Years Strong Start to 2023 with Year-to-Date Total Company Average Production of Approximately 33,000 BOPD CALGARY, Alberta, Jan. 24, 2023 (GLOBE NEWSWIRE) — […]
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