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Case Studies

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.

Project Highlights

  • Multi-billion dollar market cap E&P client
  • +50 geoscience and engineering experts from Sproule
  • Streamlined evaluation methodologies specific to client assets
  • NI 51-101 and SEC dual disclosure requirements

Challenge

  • 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

Solution

  • 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’s expertise and ensured a consistent final product

Value

  • Independent evaluation is a critical component of ensuring stakeholder confidence, providing assurance for the client’s directors, partners and creditors

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