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.

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 15, 2023 and effective December 31, 2022 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

• Each description must include the purpose of the fund, the source of the fee revenue including a listing of fees and related amounts, if applicable (supported by statute or rule), and the use of the fees collected.Additional Risks (does not apply to the Cash Funds Uncommitted Reserves Report) 14.

• If applicable identify specific cash funds for which this averaging was requested and ensure the amount is reported correctly in the Final Cash Funds Uncommitted Reserves Report.

• If the Company does not proceed to either or both of a Pilot Development Program and approval of a Reserves Report, Performance Rights exercisable under Performance Hurdle 1 and Performance Hurdle 2 will be exercisable upon satisfaction of Performance Hurdle 3.

• A written statement that no financial misstatements were noted that would impact the "Cash Funds Uncommitted Reserves Report" as required by Section 24-75-402, C.R.S., no additions or deletions were noted that should be made to the report, and no exemptions of funds that should have been included on the report were found except as provided as part of (3a) above.Items Needed for Federal Award Reporting Purposes 4a.

• There can be no guarantee that funds will be available or that the board of directors of the Company will allocate funding to develop all of the reserves attributed by D&M in the Reserves Report.

More Definitions of Reserves Report

Reserves Report means the independent engineering report dated February 17, 2017 and effective December 31, 2016 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 collectively, the reports prepared by the Independent Reserves Evaluator evaluating the crude oil, natural gas liquids and natural gas reserves of Harvest and the Operating Subsidiaries including its share of production in equity investment in DBP as at December 31, 2019, in accordance with the standards contained in the COGE Handbook and the reserves definitions and other requirements contained in NI 51-101.

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 a report in form and substance satisfactory to the Technical Banks, which is prepared by an Independent Engineering Consultant and includes:

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