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FORM 51101F1 STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION Part 1 Relevant Dates Item 1.1 Date of Statement and Statement Information This Statement of Reserves Data and Other Oil and

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How to fill out Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information?

1. Gather all relevant information: Start by collecting all the necessary data and information required for completing the Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information. This includes the reserves data, production data, and any other relevant information such as development plans, pricing assumptions, and economic evaluation data.
2. Complete the introductory sections: Begin by filling out the introductory sections of the form, which include basic information such as the reporting issuer's name, the date of the statement, and the effective date for the reserves data. Ensure that the information provided is accurate and up-to-date.
3. Provide details on reserves data: This section of the form requires you to provide detailed information about the reserves data. This includes categorizing reserves based on their classification (proved, probable, or possible), specifying the geographic location of the reserves, and providing production rates, remaining recoverable reserves, and other relevant details. Ensure that all the calculations and assumptions are clearly stated and supported by appropriate documentation.
4. Disclose reserves reconciliation: In this section, you need to provide a reconciliation of changes in reserves over the reporting period. It includes explaining any changes in reserves from the previous year and providing reasons for those changes. Be transparent and provide sufficient explanations for any significant changes in reserves.
5. Include supplementary information: The Form 51-101F1 allows for the inclusion of supplementary information, such as a summary of the reserves data, cost information related to development plans, and additional notes or disclosures. If applicable, provide any necessary supplementary information to enhance the understanding and transparency of the reserves data.

Who needs Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information?

1. Oil and gas companies: Oil and gas companies are required to complete Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information as part of their regulatory obligations. This form provides transparency and accountability for the company's reserves data and other key oil and gas information.
2. Regulatory bodies: Regulatory bodies, such as securities commissions and stock exchanges, rely on Form 51-101F1 to ensure that oil and gas companies provide accurate and reliable reserves data to the public. This information helps investors and stakeholders make informed decisions regarding their investments in the industry.
3. Investors and stakeholders: Investors and stakeholders in the oil and gas industry require reliable information on reserves data to assess the financial performance and viability of oil and gas companies. Form 51-101F1 provides them with the necessary data and disclosures to make informed investment decisions.

In summary, filling out Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information requires gathering relevant information, accurately providing reserves data and reconciliations, and including any necessary supplementary information. This form is crucial for oil and gas companies, regulatory bodies, investors, and stakeholders to ensure transparency and accountability in the industry.

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What is bformb 51-101f1 bstatementb of?

The form 51-101F1 statement of reserves data and other oil and gas information.

Who is required to file bformb 51-101f1 bstatementb of?

Oil and gas companies in Canada are required to file form 51-101F1 statement of reserves data and other oil and gas information.

How to fill out bformb 51-101f1 bstatementb of?

Form 51-101F1 statement of reserves data and other oil and gas information is filled out by providing accurate information about reserves data, production estimates, and other relevant oil and gas information.

What is the purpose of bformb 51-101f1 bstatementb of?

The purpose of form 51-101F1 statement of reserves data and other oil and gas information is to provide transparency and information to investors and stakeholders about a company's oil and gas reserves and operations.

What information must be reported on bformb 51-101f1 bstatementb of?

Form 51-101F1 statement of reserves data and other oil and gas information must include reserves estimates, production forecasts, and other relevant oil and gas data.