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Strategic Alternatives Process: Boulder Energy Ltd. /EIN News/ -- CALGARY, Alberta, May 04, 2021 (GLOBE NEWSWIRE) -- Boulder Energy Ltd. (“Boulder” or the “Company”) has engaged National Bank Financial Inc. (“NBF”) as Financial Advisor and Raymond James Ltd. (“Raymond James”) as Co-Financial Advisor to initiate a process (the “Strategic Review”) to identify, examine and consider all strategic and financial alternatives available to the Company, including a sale of the Company’s assets, with the ultimate view of enhancing stakeholder value. Strategic Review The Strategi...

  FD&A (finding, development and acquisition) costs are used as a measure of capital efficiency and are calculated by dividing the capital costs for the period, including the change in undiscounted FDC, by the change in the reserves, incorporating revisions and production, for the same period (eg. 2020 Total Proved ($235.7-$190)/(536.5-527.3+29.1) = $1.19/boe or $0.20/Mcfe). The RLI is calculated by dividing the reserves (in boes) in each category by the annualized Q4 average production rate in boe/year (eg. 2020 Proved Developed Producing 274.6/(83.461x366) = 9.0). Peyto believes that the m...