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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 3200 3400 3700 60 130 221 210 132 115 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

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 3200 3400 3700 60 130 221 210 132 115 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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 3200 3400 3700 60 130 221 210 132 115 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? 0.7154 0.8514 0.7415 0.8614 0.7514
Transcribed Image Text: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 3200 3400 3700 60 130 221 210 132 115 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? 0.7154 0.8514 0.7415 0.8614 0.7514
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