global energy development plc estimated future reserves and ...

GLOBAL ENERGY DEVELOPMENT PLC DATE : 02/01/2011GRAND TOTAL TIME : 15:29:53TOTAL PROVED NON PRODUCING DBS : DEMOSETTINGS : RED123110SCENARIO : RED 123110 UNESCR E S E R V E S A N D E C O N O M I C SAS OF DECEMBER 31, 2010‐‐END‐‐ GROSS OIL GROSS GAS GROSS NGL NET OIL NET GAS NET NGL NET OIL NET GAS NET NGL TOTALMO‐YEAR PRODUCTION PRODUCTION PRODUCTION PRODUCTION PRODUCTION PRODUCTION REVENUE REVENUE REVENUE REVENUE‐‐‐‐‐‐‐ ‐‐‐MBBLS‐‐‐ ‐‐‐‐MMCF‐‐‐ ‐‐‐MBBLS‐‐‐ ‐‐‐MBBLS‐‐ ‐‐‐‐MMCF‐‐ ‐‐‐‐MBBLS‐ ‐‐‐‐M$‐‐‐‐ ‐‐‐‐M$‐‐‐‐ ‐‐‐‐M$‐‐‐‐ ‐‐‐M$‐‐‐‐12‐2011 3.5 0.0 0.0 3.3 0.0 0.0 267.7 0.0 0.0 267.712‐2012 5.2 0.0 0.0 4.8 0.0 0.0 389.8 0.0 0.0 389.812‐2013 1.3 0.0 0.0 1.2 0.0 0.0 96.8 0.0 0.0 96.812‐201412‐201512‐201612‐201712‐201812‐201912‐202012‐202112‐202212‐202312‐202412‐2025S TOT 10.0 0.0 0.0 9.2 0.0 0.0 754.3 0.0 0.0 754.3AFTER 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0TOTAL 10.0 0.0 0.0 9.2 0.0 0.0 754.3 0.0 0.0 754.3‐‐END‐‐ NET OIL NET GAS NET NGL SEVERANCE ANH NET OPER OPERATING EQUITY FUTURE NET DISC 10.0%MO‐YEAR PRICE PRICE PRICE TAXES FEES EXPENSES CASH FLOW INVESTMENT CASH FLOW CASH FLOW‐‐‐‐‐‐‐ ‐‐‐M$‐‐‐ ‐‐‐M$‐‐‐ ‐‐‐M$‐‐‐ ‐‐‐‐M$‐‐‐‐‐ ‐‐‐‐M$‐‐‐‐‐ ‐‐‐‐M$‐‐‐‐ ‐‐‐‐M$‐‐‐‐ ‐‐‐‐‐M$‐‐‐ ‐‐‐‐‐M$‐‐‐‐ ‐‐‐‐‐M$‐‐‐‐12‐2011 81.96 0.00 0.00 0.0 0.0 0.1 267.6 0.0 267.6 249.312‐2012 81.96 0.00 0.00 0.0 0.0 0.2 389.6 0.0 389.6 339.012‐2013 81.96 0.00 0.00 0.0 0.0 0.1 96.8 370.0 ‐273.2 ‐219.812‐201412‐201512‐201612‐201712‐201812‐201912‐202012‐202112‐202212‐202312‐202412‐2025S TOT 81.96 0.00 0.00 0.0 0.0 0.4 753.9 370.0 383.9 368.5AFTER 0.00 0.00 0.00 0.0 0.0 0.0 0.0 0.0 0.0 0.0TOTAL 81.96 0.00 0.00 0.0 0.0 0.4 753.9 370.0 383.9 368.5OIL GAS P.W. % P.W., M$‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐ ‐‐‐‐‐‐‐‐GROSS WELLS 1.0 0.0 LIFE, YRS. 2.33 5.00 376.380GROSS ULT., MB & MMF 669.620 0.000 DISCOUNT % 10.00 10.00 368.466GROSS CUM., MB & MMF 659.616 0.000 UNDISCOUNTED PAYOUT, YRS. 0.00 15.00 360.385GROSS RES., MB & MMF 10.004 0.000 DISCOUNTED PAYOUT, YRS. 0.00 20.00 352.277NET RES., MB & MMF 9.203 0.000 UNDISCOUNTED NET/INVEST. 2.04 25.00 344.237NET REVENUE, M$ 754.304 0.000 DISCOUNTED NET/INVEST. 2.23 30.00 336.330INITIAL PRICE, $ 81.960 0.000 RATE‐OF‐RETURN, PCT. 100.00 40.00 321.081INITIAL N.I., PCT. 92.000 0.000 INITIAL W.I., PCT. 100.000 60.00 293.32580.00 269.314100.00 248.659RALPH E. DAVIS ASSOCIATES, INC.F‐1529