Back to Top

Reserve Information


Sproule Associates Limited completed their evaluation of Lightstream’s reserves, effective December 31, 2015. Please view Lightstream’s 2015 Year-End Reserves Update News Release dated February 11, 2016.

More information about our reserves will be available in our Annual Information Form.

As at December 31, 2015Company GrossRoyalty
Interests
Company
Interest
  Total Oil
(Mbbl)
NGL
(Mbbl)
Natural Gas
(MMcf)
Sub-total
(Mboe)
Sub-total
(Mboe)
Total
(Mboe)
Proved Developed Producing 32,724 5,360 89,298 55,967 165 56,132
Total Proved 59,603 8,138 130,234 89,447 171 89,618
Proved + Probable (2P) 97,240 12,657 193,572 142,159 262 142,421
Net Present Value - Before Tax ($ millions)(1)(2)
Forecast Price(3)
  0% 5% 10%
Proved Developed Producing $1,557 $1,257 $1,042
Total Proved 2,356 1,775 1,385
Proved + Probable (2P) $4,193 $2,946 $2,184

(1) Company working interest reserves value plus royalties received less royalties and burdens
(2) Estimated values of future net revenue disclosed in this press release do not represent fair market values
(3) Based on the Sproule price forecast effective December 31, 2015

Pricing Assumptions - Forecast Prices and Costs

Sproule employed the following pricing and exchange rate assumptions as of December 31, 2015 in the Sproule Report in estimating reserves data using forecast prices and costs. Inflation was assumed at 1.5% per year. 

YearWTI Cushing Oklahoma ($US/bbl)Canadian Light Sweet 40° API ($Cdn/bbl)Cromer LSB 35° API ($Cdn/bbl)Natural Gas(1) AECO Gas Price ($/MMBtu)Pentanes Pus FOB Field Gate ($Cdn/bbl)Butanes FOB Field Gate ($Cdn/bbl)Edmonton Propane ($Cdn/bbl)Exchange Rate(2) ($US/$Cdn)
  2015 (actual) 48.80 57.45 56.51 2.70 61.45 36.81 6.17 0.783
  2016 45.00 55.20 54.20 2.25 59.10 39.09 9.09 0.750
  2017 60.00 69.00 68.00 2.95 73.88 51.43 13.64 0.800
  2018 70.00 78.43 77.43 3.42 83.98 58.46 25.84 0.830
  2019 80.00 89.41 88.41 3.91 95.73 66.64 35.35 0.850
  2020 81.20 91.71 90.71 4.20 98.19 68.35 42.30 0.850
Escalated at 1.5% per year thereafter.

(1) This summary table identifies benchmark reference pricing schedules that might apply to a reporting issuer.
(2) Exchange rates used to generate the benchmark reference prices in this table.

Technology & Innovation
Technology & Innovation
Our focus has always been to increase the efficiency of our oil production; whether we are able to increase per-well production, lower capital expenditures, or both, we always aim to improve our returns.
© 2017 Lightstream Resources
2800 - 525, 8 Avenue SW
Calgary, Alberta T2P 1G1


Website by Media Dog

Tel (403) 268-7800
Fax (403) 218-6075
Legal & Privacy Policy
ir [at] lightstreamres [dot] com