Fundamentals of Oil & Gas Accounting 5th Edition by Rebecca Gallun, Charlotte Wright

تمرين 8

Lomax Company's Statement No. 69 disclosures included the following information: REqUIRED: Using the information for Lomax Company in problems 13, 14, and 15
and in this problem:
a. Compute the value of proved reserve additions per BOE using the various
formulae.
b. Compute the value added ratio for each year, utilizing formula 3 for finding costs
per BOE, and formula 2 with revisions for value of reserves added per BOE.