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FORM 51-101F1 STATEMENT OF RESERVES DATA AND OTHER OIL & GAS INFORMATION RELEVANT DATES This Statement of Reserves Data and Other Oil & Gas Information of Fortress Energy Inc. (Fortress” or the

How to fill out ni 51-101 report

How to fill out the NI 51-101 report?

1. Understand the requirements: Before starting to fill out the NI 51-101 report, it is crucial to thoroughly comprehend the guidelines and requirements outlined in the National Instrument 51-101 (NI 51-101). Familiarize yourself with the specific reporting standards, definitions, and terminology to ensure accuracy and compliance.
2. Gather necessary data: Gather all necessary data required for the report, such as geological information, reserves and resources estimates, production statistics, and financial data. Ensure the data is reliable, up-to-date, and relevant to the reporting period.
3. Organize the report: Start by structuring the report in a clear and organized manner. Divide the report into appropriate sections such as Introduction, Reserves and Resources, Production, Land and Wells, Financial Statements, and Notes to the Financial Statements.
4. Complete the required sections: Fill out each section of the NI 51-101 report diligently and accurately. Provide all necessary information and data in compliance with the reporting standards. Include any necessary supporting documentation or calculations, ensuring they are clearly referenced and easily understandable.
5. Perform necessary calculations: Some sections of the NI 51-101 report may require calculations and data analysis. Ensure that these calculations are performed correctly, following the prescribed methodologies and guidelines defined in the NI 51-101.
6. Review and verify the report: Before submitting the report, carefully review each section to ensure accuracy, completeness, and consistency. Verify that the presented information aligns with the supporting documentation and that all required disclosures have been provided.

Who needs the NI 51-101 Report?

1. Oil and Gas Companies: Oil and gas companies engaged in exploration, production, and development activities are required to file the NI 51-101 report. These reports contribute to regulatory transparency, allowing stakeholders to assess the company's operations, reserves, and resources.
2. Regulatory Bodies: Regulatory bodies, such as securities commissions and stock exchanges, require the NI 51-101 report to monitor compliance with the reporting standards and ensure the accuracy of information provided by oil and gas companies. These reports inform regulatory decision-making and help maintain market integrity.
3. Investors and Analysts: Investors and financial analysts rely on the NI 51-101 report to evaluate the financial performance, reserves and resources, and operational potential of oil and gas companies. This information helps guide investment decisions and assess the sustainability and growth prospects of the industry.

For pdfFiller’s FAQs

What is ni 51-101 report?

NI 51-101 is a National Instrument in Canada that requires oil and gas companies to disclose information about their reserves, resources, and production activities.

Who is required to file ni 51-101 report?

Oil and gas companies listed on Toronto Stock Exchange are required to file NI 51-101 report.

How to fill out ni 51-101 report?

NI 51-101 report can be filled out electronically through the System for Electronic Document Analysis and Retrieval (SEDAR) system.

What is the purpose of ni 51-101 report?

The purpose of NI 51-101 report is to provide transparency and disclosure about the reserves, resources, and production activities of oil and gas companies.

What information must be reported on ni 51-101 report?

NI 51-101 report must include information about reserves, contingent resources, production rates, development plans, and other relevant data.

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