Reserves
Net Working Interest Reserves at Forecast Pricing and Costs
Proved and probable reserves are based on the definitions and guidelines of the Canadian Oil & Gas Evaluation Handbook as referenced in National Instrument 51-101.
| By Country |
Proved |
Proved & Probable |
| |
Oil |
Gas |
Total |
Oil |
Gas |
Total |
| |
(mmbbls) |
(bcf) |
(mmboe) |
(mmbbls) |
(bcf) |
(mmboe) |
| Turkey |
- |
2.28 |
0.38 |
- |
4.16 |
0.69 |
| As at Dec.31 2005 |
- |
2.28 |
0.38 |
- |
4.16 |
0.69 |
| Turkey |
- |
3.13 |
0.52 |
- |
7.68 |
1.28 |
| United Kingdom |
1.30 |
- |
1.30 |
3.52 |
- |
3.52 |
| As at Dec.31 2006 |
1.30 |
3.13 |
1.82 |
3.52 |
7.68 |
4.80 |
| Turkey |
- |
0.97 |
0.16 |
- |
1.49 |
0.25 |
| United Kingdom |
4.82 |
- |
4.82 |
7.85 |
- |
7.85 |
| Italy |
- |
23.73 |
3.96 |
- |
44.53 |
7.42 |
| Netherlands |
1.75 |
- |
10.69 |
3.56 |
- |
3.56 |
| As at Dec.31 2007 |
6.57 |
24.70 |
10.69 |
11.41 |
46.02 |
19.08 |
| By Category |
Proved |
Proved & Probable |
| |
Oil |
Gas |
Total |
Oil |
Gas |
Total |
| |
(mmbbls) |
(bcf) |
(mmboe) |
(mmbbls) |
(bcf) |
(mmboe) |
| As at Dec.31 2005 |
- |
2.28 |
0.38 |
- |
4.16 |
0.69 |
| Extensions & Improved Recovery |
- |
- |
- |
- |
- |
- |
| Technical Revisions |
1.30 |
(0.65) |
1.19 |
3.52 |
(2.59) |
3.09 |
| Discoveries |
- |
1.50 |
0.25 |
- |
6.11 |
1.02 |
| Acquisitions |
- |
- |
- |
- |
- |
- |
| Disposals |
- |
- |
- |
- |
- |
- |
| Economic Factors |
- |
- |
- |
- |
- |
- |
| Production |
- |
- |
- |
- |
- |
- |
| As at Dec.31 2006 |
1.30 |
3.13 |
1.82 |
3.52 |
7.68 |
4.80 |
| Extensions & Improved Recovery |
- |
- |
- |
- |
- |
- |
| Technical Revisions |
0.70 |
11.22 |
2.57 |
0.25 |
(4.00) |
(0.41) |
| Discoveries |
2.82 |
- |
2.82 |
4.07 |
0.50 |
4.15 |
| Acquisitions |
1.75 |
10.70 |
3.53> |
3.57 |
42.20 |
10.60 |
| Disposals |
- |
- |
- |
- |
- |
- |
| Economic Factors |
- |
- |
- |
- |
- |
- |
| Production |
- |
(0.36) |
(0.06) |
- |
(0.36) |
(0.06) |
| As at Dec.31 2007 |
6.57 |
24.70 |
10.69 |
11.41 |
46.02 |
19.08 |
