Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • The average WTI crude oil prices decreased from $94.23 in 2022 to $77.62 in 2023.
  • The NYMEX natural gas sales price increased from $6.38 in 2022 to $7.53 in 2023.
  • The Company's total production operated by others decreased from 21% in 2022 to 18% in 2023.
  • The Alberta Energy Company natural gas price increased from US $2.89 per MCF in 2022 to US $4.09 in 2023.
  • The proved reserves audited by third-party auditors increased from 96% in 2022 to 98% in 2023.
  • The Company budgeted $120 million for its 2024 exploration program, up from $100 million in 2023.
  • The percentage of undeveloped natural gas proved reserves increased from 47% to 50%.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=717423&owner=exclude

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