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This transaction positions Viper to compete for capital with mid and large cap North American E&Ps; except with higher margins, minimal operating costs, and the lowest dividend breakeven in the space. an independent petroleum engineering firm, and comply with definitions promulgated by the SEC.
The NSAI Report was prepared in accordance with the definitions and guidelines of the Canadian Oil and Gas Evaluation Handbook (the “COGE Handbook”) prepared by the Society of Petroleum Evaluation Engineers (“SPEE”) and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (“NI 51-101”).
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Unbooked locations consist of drilling locations that have been identified by management as an estimation of the multi-year drilling activities based on evaluation of applicable geologic, seismic, engineering, production and reserves information. Market capitalization is a supplementary financial measure.
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