Core Areas
Pyramid currently has ownership in producing oil and gas projects in the Gulf of Mexico, producing approximately 1,300 boepd net to the company's working interest.
The following table summarizes all of Pyramid’s reserves, based on its present engineering reports, without allowance for depletion or accretion. Readers are cautioned to refer to the original reports found on Sedar for underlying assumptions and limitations.
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Reserves as of 2006 |
Reserves as of 2007 |
Volumes (boe): |
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Proved reserves |
1,086,832 |
2,211,532 |
Probable reserves |
31,473 |
321,135 |
Proved+Probable |
1,118,305 |
2,532,667 |
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PV10 (US$)-constant prices: |
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Proved reserves |
$ 8,541,040 |
$ 40,300,430 |
Probable reserves |
$ 952,930 |
$ 9,206,100 |
Proved+Probable |
$ 9,493,970 |
$ 49,506,530 |
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Disclaimer:
Use of the term barrels of oil equivalent (“boe”) or thousands of cubic feet of gas equivalent (“Mcfe”) may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.