Reserves Report definition

Reserves Report means a report prepared by an Independent Engineer containing such information and/or evaluation(s) (relating to each Borrowing Base Asset or, as the case may be, any other Petroleum Asset which the Borrower is seeking to have designated as a Borrowing Base Asset) as the Technical Bank may reasonably require including evaluation(s) of the recoverable reserves (both Proven + Probable Reserves and Proven Reserves) and/or production profiles of such Borrowing Base Assets or, as the case may be, Petroleum Assets.

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Reserves Report shall have the meaning specified in Section 7.02(a).

Reserves Report means the independent engineering report with a preparation date of February 23, 2022 and effective December 31, 2021 prepared by and containing the evaluation of Sproule of the oil, NGL and natural gas reserves attributable to the properties of the Corporation;

Examples of Reserves Report in a sentence

The Technical Agent shall make available such Independent Reserves Report (or, as the case may be, a substantially final draft thereof) to the Lenders promptly following receipt thereof.
The Technical Agent shall make available such Internal Reserves Report to the Lenders promptly following receipt thereof.
The estimates of proved reserves used by ▇▇▇▇▇▇ and ▇▇▇▇▇▇’s Subsidiaries in connection with the preparation of the Parent Reserve Report complied in all material respects with Rule 4-10 of Regulation S-X promulgated by the SEC, and the estimates of proved reserves provided to the Parent Independent Petroleum Engineers in connection with the preparation of the Parent Reserves Report complied in all material respects with Rule 4-10 of Regulation S-X promulgated by the SEC.
The Reinsurer will work with the Ceding Company in good faith to provide reasonable supporting data in connection with the delivery of each Reserves Report.
The Reports for monitoring the Production Phase are the following: Monthly Production Report (BMP); and Annual Reserves Report (BAR).

More Definitions of Reserves Report

Reserves Report means the independent engineering report dated February 3, 2016 and effective December 31, 2015 prepared by and containing the evaluation of Sproule of the oil, NGL and natural gas reserves attributable to the properties of the Corporation;

Reserves Report means the reports prepared by the Independent Reserve Evaluators evaluating the crude oil, natural gas liquids and natural gas reserves of Harvest and the Operating Subsidiaries as at December 31, 2011, in accordance with the standards contained in the COGE Handbook and the reserve definitions and other requirements contained in NI 51-101 and SEC regulations.

Reserves Report an annual report prepared by the Independent Engineer and in form and substance satisfactory to IFC; "Restricted Payments"all payments, including interest and principal, on Affiliate Subordinated Debt, dividends, transfers of funds and other distributions on share capital (whether in cash, shares, or in kind) and any purchase, redemption or other acquisition of shares by the Borrower; "Restricted Payment Period"each period commencing on and including each Quarter End Date and ending on the forty-fifth (45th) day thereafter;

Reserves Report means either an Independent Reserves Report or an Internal Reserves Report.

Reserves Report means the independent engineering evaluation of Hammerhead Resources' tight oil, shale gas and natural gas liquids reserves prepared by McDaniel & Associates Consultants Ltd. in accordance with NI 51-101 effective December 31, 2022 and dated March 28, 2023.

Reserves Report means the independent engineering evaluation of Hammerhead Resources' tight oil, shale gas and natural gas liquids reserves prepared by ▇▇▇▇▇▇▇▇ & Associates Consultants Ltd. in accordance with NI 51-101 effective December 31, 2022 and dated March 28, 2023.

Reserves Report means the report of GLJ Ltd. dated March 4, 2022 evaluating the oil, natural gas and NGL reserves of the Company as at December 31, 2021;