BGEC Report definition

BGEC Report means the report prepared by BGEC on February 14, 2020 entitled “Reserve Evaluation Report on Certain Properties owned by Canacol Energy Ltd. in Colombia” dated effective December 31, 2019;
Sample 1Sample 2
BGEC Report means the resource report prepared by Boury Global Energy Consultant Ltd. effective as of December 31, 2018;
Sample 1Sample 2
BGEC Report means the report prepared by BGEC on March 7, 2023 entitled “Reserve Evaluation Report on Certain Properties owned by Canacol Energy Ltd. in Colombia” dated effective December 31, 2022;
Sample 1

Examples of BGEC Report in a sentence

  • All wells considered capable of production have been standing for a period of less than one year, are within economic distance of transportation facilities and are classified as proved developed non- producing reserves in the BGEC Report.

  • Light & MediumCrude Oil Heavy Crude OilConventionalNatural Gas(1) Daily production is taken from the BGEC Report as of December 31, 2020.(2) Natural gas includes associated and non-associated sales gas volumes.(3) The numbers in these tables may not match the corporate totals due to rounding.

  • The representation of prospective resources in the BGEC Report reflects the resource potential of the Corporation’s net working interest land position (12,422 acres) in the Audited Area.

  • The numbers in these tables may not add exactly due to rounding.The following table sets forth the volume of production estimated by the Corporation, by field, for the year ending December 31, 2021, based on the BGEC Report for the year ended December 31, 2020 using forecast prices and costs.

  • The BGEC Report includes estimates of unrisked prospective resources and risked prospective resources for the Pola-1 prospect.

  • Production Estimates The following table sets forth the volume of production estimated by the Corporation, by product type, for total proved, total probable and total proved plus probable reserves, for the year ending December 31, 2021, based on the BGEC Report for the year ended December 31, 2020 using forecast prices and costs.

  • The following table sets forth the volume of production estimated by the Corporation, by field, for the year ending December 31, 2023, based on the BGEC Report for the year ended December 31, 2022 using forecast prices and costs.

  • Production Estimates The following table sets forth the volume of production estimated by the Corporation, by product type, for total proved, total probable and total proved plus probable reserves, for the year ending December 31, 2023, based on the BGEC Report for the year ended December 31, 2022 using forecast prices and costs.

  • Reserve Report Date20235-Year Gas and Oil Price Forecasts – BGEC Report December 31, 2022(1) Probable (2P) average gas price(2) offset and transportation(3)(1) The numbers in this table may not add due to rounding.


More Definitions of BGEC Report

BGEC Report means the report prepared by BGEC on March 19, 2024 entitled “Reserve Evaluation Report on Certain Properties owned by Canacol Energy Ltd. in Colombia as of December 31, 2023, NI 51- 101” dated effective December 31, 2023;
Sample 1
BGEC Report means the report prepared by BGEC on March 6, 2018 entitled “Consolidated Property Reports as of December 31, 2017 owned by Canacol Energy Ltd.” dated effective December 31, 2017;
Sample 1

Related to BGEC Report

  • RBC report means the report required by K.S.A. 40-2c02, and amendments thereto.

  • SEC Reports shall have the meaning ascribed to such term in Section 3.1(h).

  • SEC Documents shall have the meaning specified in Section 4.5.

  • Periodic Report means the Company’s quarterly report on Form 10-Q or annual report on Form 10-K, as applicable.

  • Company SEC Documents has the meaning set forth in Section 3.04(a).

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

  • Current Report shall have the meaning assigned to such term in Section 2.3.

  • Parent SEC Reports has the meaning set forth in Section 4.5(a).

  • Disclosure Notice means a notice issued by or on behalf of the Company requiring disclosure of interests in shares pursuant to section 212 of the Act;