YE ReservesUnless I'm missing something, the numbers looks pretty healthy which might also explain why our SP began to bounce back in the last week. GLTA
Reserve Report Highlights - Overall Corporate
- Total Proved ("1P") reserves up 150% to 2.0 MMboe from 0.8 MMboe and associated 10% discounted before tax net present values ("NPV10") 1P reserve value up 62% to $28.9 million from $17.8 million;
- Total Proved plus Probable ("2P") reserves increased 79% to 2.5 MMboe from 1.4 MMboe and associated NPV10 2P reserve value up 47% to $38.3 million from $26.1 million;
- Hamilton Lake acquisition represents 73% of Toro's corporate consolidated reserves by volume and 79% of overall NPV10;
- Hamilton Lake acquisition: 2P reserves increased 49% to 1.8 MMboe with NPV10 values doubling to $30.2 million from $15.2 million in the prior year as prepared by McDaniel and Associates for the prior owner of the Hamilton Lake assets. 1P reserves comprise $23.2 million of the 2014 year- end total;
- 1P reserves include eight Proven Undeveloped ("PUD") locations across the entire Hamilton Lake acreage leaving significant potential to add to the overall 1P reserves upon future development