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Kolibri Global Energy Announces Annual 2020 Results

Kolibri Global Energy Announces Annual 2020 Results News provided by Share this article TSX ticker symbol; KEI 2020 HIGHLIGHTS Average production for 2020 was 1,151 BOEPD, compared to 2019 production of 1,395 BOEPD, a decrease of 17% due to the normal production decline of existing wells. During 2020, Kolibri Global Energy ( the Company or KEI ) had commodity contracts in place for over 80% of its oil production at an average price of $56.62/barrel which generated realized gains of over $3.2 million. The Company has commodity contracts in place for almost 70% of its existing 2021 oil production at an average price of $47.96/barrel. General & administrative ( G&A ) expense was reduced by over 26% from $3.9 million in 2019 to $2.9 million in 2020 due to lower payroll and related costs from employee terminations, severance costs that were recorded in 2019 and management s continued efforts to reduce G&A costs throughout the Company.

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Canacol Energy Ltd Achieves 122% 2P Gas Reserve Replacement Ratio Increasing 2P Reserves to 637 BCF With a BTAX Value of US$1 7 Billion

Canacol Energy Ltd Achieves 122% 2P Gas Reserve Replacement Ratio Increasing 2P Reserves to 637 BCF With a BTAX Value of US$1 7 Billion
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Investegate |Gran Tierra Energy, Inc Announcements | Gran Tierra Energy, Inc : Gran Tierra Energy Inc Announces Fourth Quarter and Year-End Results for 2020 and Operational Update

Gran Tierra Energy Inc. Announces Fourth Quarter and Year-End Results for 2020 and Operational Update Realized 100% 1P and 133% PDP Reserves Replacement, with $2.65 and $5.06/BOE F&D Costs Achieved 2020 Production of 22,624 bopd Forecast 2021 Production of 28,000-30,000 bopd for Annual Growth of 24-33% Reduced Annual Operating and G&A Costs by $92 Million Achieved Company s Best Safety Year in 2020: Zero Lost Time Incident Frequency CALGARY, Alberta, Feb. 24, 2021 (GLOBE NEWSWIRE) Gran Tierra Energy Inc. ( Gran Tierra or the Company ) (NYSE American:GTE) (TSX:GTE) (LSE: GTE) today announced the Company s financial and operating results for the fourth quarter ( the Fourth Quarter ) and year ended December 31, 2020.

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Prairie Provident Announces Year-End 2020 Reserves

) costs of $4.78/boe, including technical revisions. During 2020, the downturn in commodity prices necessitated suspension of capital development so there were no material reserves added from drilling. Year-end 2020 estimated net present values of future net revenue before tax discounted at 10% (“NPV 10 BT”) for PDP, 1P and 2P reserves totaled $54.7 million, $107.4 million and $218.0 million, respectively. Approximately 100% of PPR’s total estimated abandonment and reclamation obligations (ARO) is included in the 2020 reserves evaluation (2019 – approximately 79%). Reserve life index (1) was 4.7 years, 10.5 years and 16.0 years on a PDP, 1P and 2P basis, respectively. Notes: (1) Finding & Development Costs and “Reserve Life Index” does not have a standardized meaning. See Cautionary Statements – Disclosure of Oil and Gas Reserves Data and Operational Information and Cautionary Statements – Reserve Life Index below

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