Delivering Large-Scale Evaluation & Disclosure Solutions
A dual-listed, independent exploration and production company with regulatory requirements for disclosure on the TSX and NYSE required an experienced global reserves evaluation firm to help drive stakeholder confidence. In addition to technical expertise, the scale and scope of the project required exemplary project management skills.
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Project Highlights
- Multi-billion dollar market cap E&P client
- +50 geoscience and engineering experts from Sproule ERCE
- Streamlined evaluation methodologies specific to client assets
- NI 51-101 and SEC dual disclosure requirements
Challenges:
Dual-listed, independent exploration and production company with regulatory requirements for disclosure on the TSX and NYSE
Extensive and diverse asset base posed unique technical and logistical challenges
Global portfolio required expertise and experience in multiple regions and jurisdictions
Extensive and diverse asset base posed unique technical and logistical challenges
Global portfolio required expertise and experience in multiple regions and jurisdictions
Solutions:
Final deliverables supported both TSX (National Instrument 51-101) and NYSE U.S. Securities Exchange Commission (SEC) disclosure
Unique vintaging technique used for specific asset types drove efficiency and reduced evaluation timeline and costs
Centrally managed, multidisciplinary evaluation approach leveraged the full breadth of Sproule ERCE’s expertise and ensured a consistent final product
Unique vintaging technique used for specific asset types drove efficiency and reduced evaluation timeline and costs
Centrally managed, multidisciplinary evaluation approach leveraged the full breadth of Sproule ERCE’s expertise and ensured a consistent final product
Values:
Independent evaluation is a critical component of ensuring stakeholder confidence, providing assurance for the client’s directors, partners and creditors