Page 9 - Reserves Data News Today

) costs of $4.78/boe, including technical revisions. During 2020, the downturn in commodity prices necessitated suspension of capital development so there were no material reserves added from drilling. Year-end 2020 estimated net present values of future net revenue before tax discounted at 10% (“NPV 10 BT”) for PDP, 1P and 2P reserves totaled $54.7 million, $107.4 million and $218.0 million, respectively. Approximately 100% of PPR’s total estimated abandonment and reclamation obligations...

Added 8.3 MMBOE of 1P Reserves Realized 1P Finding and Development Costs of $2.65/boe 1P and 2P Net Asset Value per Share Before Tax of $1.15 and $3.25 1P Reserves Equal 59% of 2P Reserves, Demonstrating Strength of Company’s Proved Reserves Base Achieved Company’s Best Safety Year in 2020: Zero Lost Time Incident Frequency CALGARY, Alberta, Jan. 26, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“ Gran Tierra” or the “ Company“) (NYSE American:GTE) (TSX:GTE) (LSE: GTE), a com...