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Bankers Files Reserve Information
Bankers Files Reserve Information.
About this update from Big Banc Split Corp. Class A
[{"type":"text","content":"\n\n\n\nNet Present Value of Reserves Increases Over 2005\n\n\nCALGARY, March 30 /CNW/ - Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK)\ntoday announced the results of its December 31, 2006, independent reserves\nevaluation. The evaluation was conducted by APA Petroleum Engineering Inc. and\nprepared in accordance with National Instrument 51-101 - Standards of\nDisclosure for Oil and Gas Activities.\n\n\nThe reserve data in this release is subject to and should be read in\nconjunction with the entire Form 51-101F1 - Statement of Reserves Data and\nOther Oil and Gas Information. The Form 51-101F1, Form 51-101F2 - Report of\nIndependent Qualified Reserves Evaluator, and Form 51-101F3 - Report of\nManagement and Directors on Oil and Gas Disclosure have been filed with\nCanadian securities regulators. These filings can be accessed electronically\non Bankers website at www.bankerspetroleum.com or on the SEDAR website at\nwww.sedar.com.\n\n\nReserve Details\n---------------\n\nSummary of Oil and Gas Reserves\nForecast Prices and Costs\nNet Interest\n\n 2006\n Heavy Natural Total Total Change\n Oil Gas 2006 2005 %\n-------------------------------------------------------------------------\n (mbbls) (bcf) (mboe) (mboe)\n\nProved\n Developed producing 8,845 - 8,845 4,685 89\n Developed\n non-producing - - - - -\n Undeveloped 29,536 - 29,536 32,671 (10)\n-------------------------------------------------------------------------\nTotal proved 38,382 - 38,382 37,356 3\nProbable 54,675 - 54,675 51,219 7\n-------------------------------------------------------------------------\nTotal proved plus\n probable 93,057 - 93,057 88,575 5\n\nNote: May not add due to rounding\n\n\n\nNet Present Value of Reserves\nForecast Prices and Costs\nNet Interest, After Income Taxes\n\n 2005 2006\n Undiscounted Discounted Discounted Discounted Change\n(US$ millions) at 5% at 10% at 10% %\n-------------------------------------------------------------------------\n\nProved\n Developed producing 77.9 70.8 64.5 25.0 158\n Developed\n non-producing - - - - -\n Undeveloped 128.1 83.4 53.3 33.7 58\n-------------------------------------------------------------------------\nTotal proved 206.0 154.2 117.9 58.7 100\nProbable 574.9 324.3 200.8 195.6 3\n-------------------------------------------------------------------------\nTotal proved plus\n probable 780.9 478.5 318.7 254.3...