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(1)  The above table includes non-GAAP financial measures which may not be comparable to other companies. Please see the "Non-GAAP Financial Measures" section of the accompanying Management's Discussion and Analysis. (2)  Please refer to Supplemental Table 4 "Production" of the accompanying Management's Discussion and Analysis for disclosure by product type. Message to Shareholders Vermilion is off to a strong start in 2021. We successfully executed an $83 million capital program during the first quarter, completing our winter drilling program in Canada and the majority of our planned drill...

Forza Petroleum Limited: Forza Petroleum Announces Its Year End 2020 Reserves and Resources and Operations Update Demir Dagh Demir Dagh Demir Dagh (1) The oil reserves data is based upon evaluations by NSAI, with effective dates as at December 31, 2019 and December 31, 2020, as indicated. Volumes are based on commercially recoverable volumes within the life of the production sharing contract. (2) The contingent oil resources data is based upon evaluations by NSAI, and the classification of such resources as "contingent oil resources" by NSAI, with effective dates as at December 31, 2019 and D...

(1) The above table includes non-GAAP financial measures which may not be comparable to other companies. Please see the "Non-GAAP Financial Measures" section of the accompanying Management's Discussion and Analysis. (2) Please refer to Supplemental Table 4 "Production" of the accompanying Management's Discussion and Analysis for disclosure by product type. Message to Shareholders Vermilion started 2020 on a strong footing in what appeared to be a constructive outlook for commodity prices. That all changed in mid-February as the effects from the COVID-19 pandemic started to take hold. As we a...

Storm Resources Ltd.: Storm is Pleased to Announce Its Financial and Operating Results for the Three Months and Year Ended December 31, 2020 0.18 0.15 (2) (2)(4) surplus 121,689 contracts 25,985 124,927 (1) Excludes gains and losses on risk management contracts. (2) Certain financial amounts shown above are non-GAAP measurements. See discussion of Non-GAAP Measurements on page 38 of the MD&A. CROCE and ROCE are presented on a 12-month trailing basis. (3) Excludes the fair value of risk management contracts, decommissioning liability and lease liability. (4) Includes a...

  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...