Established Reserves means, collectively, the Cost Report Liability Reserve, the Interest Rate Agreement Reserve and the Cash Management Obligations Reserve.
Established Reserves means those reserves recoverable under current technology and present and anticipated economic conditions specifically proved by drilling, testing or production, plus the portion of contiguous recoverable reserves that are interpreted to exist from geological, geophysical or similar information with reasonable certainty.
Established Reserves means proved reserves plus risked (50%) probable reserves, with “proved reserves” and “probable reserves” having the meanings ascribed to them under former National Policy Statement 2-B of the Canadian Securities Administrators.
Examples of Established Reserves in a sentence
The Established Reserves are reviewed and adjusted as necessary, as experience develops or new information becomes known.
Non-Allowed Claims consist of Established Reserves and or Reserves for Amounts Claimed which are amounts that have been determined by Management to be reasonable estimates of claims for incurred covered losses and associated LAE not yet allowed.
This compound has the potential as an effective corrosion inhibitor that can be used in acid pickling process in chemical or petroleum industries.
Volume In Place and Established Reserves of Alberta Oil ResourcesThe Alberta oil industry was developed by exploiting conventional light and medium oil.
Table 3.5.5.2 Remaining Established Reserves Reserve Basis AlbertaB.C. and N.W.T. Total 109m3TcfNOTES:1 The remaining established reserves are those connected and those expected to be connected to the Alberta System and include reserve estimates from NGTL initiated reserve studies.2 Reserves not connected to the Alberta System are those which would be transported on other systems.
More Definitions of Established Reserves
Established Reserves means those reserves determined to be Proved Reserves, plus those reserves determined to be Probable Reserves, the Probable Reserves being reduced by 50% to reflect the risks associated with recovery of those reserves.
Established Reserves means those reserves estimated as Proved Reserves plus a portion of the Probable additional reserves, reduced to reflect the risks associated with recovery of those reserves. In the Gilbert Report, Established Reserves have been determined as the sum of 50 percent of Probable Reserves and 100 percent of Proved Reserves.
Established Reserves means proved reserves plus risked probable reserves
Established Reserves means Proven Reserves plus 50% of Probable Reserves, before the deduction of royalties and based on escalated price and cost assumptions, unless otherwise indicated;
Established Reserves are 100% of proved reserves plus 50% of probable reserves. Reserves are gross company interest reserves before deduction of royalties. Columns may not add due to rounding. Canscot recently acquired an additional 45.0% interest in its Big Bend property, adding 8,848 mmcf of established reserves to bring the total established reserves to 5,468 mboe. BOARDS APPROVE TRANSACTION The boards of directors of APF and Canscot have approved the transaction, and the board of directors of Canscot has resolved to recommend to its shareholders that they accept the APF offer. The transaction will be completed by way of a takeover bid and APF anticipates mailing its circular to Canscot shareholders in mid-August. Closing is subject to the tendering of at least 90% of the outstanding shares of Canscot, regulatory approval and other standard conditions. APF expects to take up and pay for the Canscot shares in mid-September. The officers and directors of Canscot, their associates and affiliates, and certain other Canscot shareholders, have agreed to execute lock-up agreements representing at least 23% of the fully-diluted outstanding shares of Canscot under which they will agree to deposit and not withdraw their shares under the offer, except in specified circumstances. The board of directors of Canscot has also agreed that it will not solicit or initiate discussions or negotiations with any third party for any business combination involving Canscot. Under certain circumstances, Canscot has agreed to pay APF a non-completion fee of $1.5 million and APF has a right of first refusal in certain circumstances to match any unsolicited competing bid. APF Energy Trust is a Calgary-based conventional oil and gas royalty trust that acquires, develops, produces and sells crude oil, natural gas, and natural gas liquids and distributes the resulting cash flow to unitholders. Trust units of APF are traded on the Toronto Stock Exchange under the symbol "AY.UN". Certain statements in this material may be "forward-looking statements" including outlook on oil and gas prices, estimates of future production, estimated completion dates of acquisitions and construction and development projects, business plans for drilling and exploration, estimated amounts and timing of capital expenditures and anticipated future debt levels and royalty rates. Information concerning reserves contained in this material may also be deemed to be forward-looking statements as such estimates involve the implied assess...
Established Reserves means, collectively, each of the following reserves against Eligible Accounts: (i) the Cost Report Liability Reserve, (ii) the PIP Limitation Reserve, (iii) the PIP Reserve and (iv) the Interest Rate Agreement Reserve.