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FORM 51101F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION PART 1 DATE OF STATEMENT Item 1.1.2. The effective date of the information being provided is December 31, 2010. Item 1.1.3.

How to fill out statement of reserves data

1. Start by gathering all relevant financial information regarding reserves. This may include data on the type of reserves (such as cash reserves, inventory reserves, or bad debt reserves), the amount of reserves, and any changes or adjustments made to the reserves during the reporting period.
2. Review the specific requirements and guidelines for filling out the statement of reserves data. This may vary depending on the industry or regulatory body you are reporting to. Make sure to familiarize yourself with any specific terminology or formatting requirements.
3. Begin by providing a clear and concise title for the statement of reserves data. This should accurately reflect the purpose and contents of the statement.
4. Clearly state the reporting period for which the reserves data is being provided. This allows the reader to understand the timeframe covered by the statement.
5. Include a brief introduction or overview of the reserves data being reported. This can provide context or explain any significant changes or events that may have impacted the reserves during the reporting period.
6. Present the reserves data in a clear and organized manner. This may involve using tables, charts, or graphs to display the information in an easily understandable format. Be sure to label and title each section appropriately.
7. Provide detailed explanations or footnotes for any significant changes or adjustments made to the reserves. This helps the reader understand the reasons behind any fluctuations in the reserves.
8. Double-check all calculations and ensure the accuracy of the data presented. Mistakes or errors in the statement of reserves data can impact the overall reliability and credibility of the information provided.
9. Lastly, make sure to properly sign and date the statement of reserves data. This confirms its authenticity and helps with tracking and auditing purposes.

The statement of reserves data is typically required by financial institutions, regulatory bodies, and investors. It provides important information about a company's financial position and the sufficiency of its reserves. This data allows stakeholders to assess the company's ability to address unforeseen risks or financial challenges, and to make informed decisions based on the available reserves.

For pdfFiller’s FAQs

What is statement of reserves data?

The statement of reserves data is a document that provides information about the reserves of a company, including the amount and type of reserves held.

Who is required to file statement of reserves data?

Companies in certain industries, such as those in the energy sector, are typically required to file a statement of reserves data.

How to fill out statement of reserves data?

To fill out a statement of reserves data, companies need to gather information on their reserves and report it accurately using the specified format.

What is the purpose of statement of reserves data?

The purpose of the statement of reserves data is to provide transparency and ensure that investors and stakeholders have accurate information about a company's reserves.

What information must be reported on statement of reserves data?

Information such as the quantity, quality, and value of reserves must be reported on the statement of reserves data.

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