Decimus Announces 2025 Year End Financial Results And Reserves
Original announcement by orestocks on
- Company
- Decimus Oil Corp.
- Ticker
- WCSB
- Exchange
- Unavailable
- Region
- Southern Alberta
- Primary commodity
- Oil equivalent
- Secondary commodities
- Crude oil, Ngl, Natural gas
- Document categories
- Resource update
- Extracted
- 2026-10-01 04:00:46 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Decimus Oil Corp. announced its 2025 year-end financial results and reserve evaluation, reporting significant increases in reserve volumes across all categories (PDP up 29%, TP up 18%, TPP up 14%). Despite this, the net present value of these reserves, discounted at 10% before tax, saw substantial declines (PDP down 61%, TP down 18%, TPP down 10%), primarily due to lower commodity prices and higher fixed costs. The company highlighted successful waterflood activities and cost reduction initiatives contributing to the reserve growth.
Reasoning: Decimus Oil Corp. reported strong growth in reserve volumes for 2025, indicating successful operational initiatives. However, this positive volume growth was significantly offset by a substantial decline in the net present value of these reserves, primarily due to challenging commodity prices and increased fixed costs, leading to a mixed but slightly positive overall outlook given the underlying operational improvements.
Positive factors
- Significant reserve volume growth across all categories (PDP +29%, TP +18%, TPP +14%)
- Positive results from waterflood activities contributing to reserve growth and economic life extension
- Increased cash flow from operating activities by 230%
Negative factors
- Substantial decrease in Net Present Value (NPV) of reserves (PDP -61%, TP -18%, TPP -10%)
- NPV decline attributed to lower commodity prices and higher fixed costs
Facts used in scoring: 20
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The document explicitly states that the reserve evaluation adheres to 'National Instrument 51-101 –Standards of Disclosure for Oil and Gas Activities(NI 51-101)'.
Evidence · text
“National Instrument 51-101 –Standards of Disclosure for Oil and Gas Activities(NI 51-101)”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The reserve evaluation is based on 'Trimble Engineering Associates Ltd. December 31, 2025, forecast prices and costs', indicating a third-party qualified person's involvement.
Evidence · text
“Based on the Trimble Engineering Associates Ltd. December 31, 2025, forecast prices and costs.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Proved developed producing reserves increased by 29%, Total Proved reserves increased by 18%, and Total proved plus probable reserves increased by 14%.
Evidence · table
“29%”
Context: Proved developed producing
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Reserve volumes in MBOE increased across all categories: PDP by 29%, TP by 18%, and TPP by 14%.
Evidence · table
“29%”
Context: Proved developed producing
Reserve Updateneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The document provides an update on the company's year-end reserves evaluation for 2025.
Evidence · text
“highlights of the Company’s year-end reserves evaluation.”
NPV Declinenegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The NPV of reserves discounted at 10% before-tax decreased by 61% for PDP, 18% for Total Proved, and 10% for Total proved plus probable.
Evidence · table
“(61%)”
Context: Proved developed producing
Commodity Price Impactnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The decline in NPV was attributed to 'lower WTI AECO commodity prices' and 'lower commodity prices' in the narrative.
Evidence · text
“lower WTI AECO commodity prices”
Extracted facts
Stored fact records: 20. Some facts used in scoring do not have a stored record.
Resource Estimates (20)
provenWestern Canadian Sedimentary Basin · crude oilContained Metal: 122.6Contained Unit: mmblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- crude oil
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 122.6
- Contained Unit
- mmbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This is a substantial volume of proved developed producing crude oil reserves, contributing positively to the company's asset base.
Positive factors
- Represents a significant portion of the company's proved developed producing reserves
Evidence · table
“122.6”
Context: Proved developed producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · nglContained Metal: 1.6Contained Unit: mbblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 1.6
- Contained Unit
- mbbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This represents a smaller but still positive contribution of NGLs to the proved developed producing reserve base.
Positive factors
- Adds to the company's proved developed producing reserves portfolio
Evidence · table
“1.6”
Context: Proved developed producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · natural gasContained Metal: 1614.1Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- natural gas
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 1614.1
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This is a substantial volume of proved developed producing natural gas reserves, contributing positively to the company's asset base.
Positive factors
- Significant volume of proved developed producing natural gas reserves
Evidence · table
“1,614.1”
Context: Proved developed producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · oil equivalentContained Metal: 393.2Contained Unit: mboeView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- oil equivalent
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 393.2
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 304.9
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: The 29% increase in proved developed producing reserves (MBOE) is a strong positive signal, demonstrating successful conversion and additions to the most confident reserve category.
Positive factors
- Significant increase in proved developed producing reserves (29%)
- Indicates successful operational activities and reserve additions
Evidence · table
“393.2”
Context: Proved developed producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 393.2 against 304.9 previously
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · crude oilContained Metal: 39.7Contained Unit: mmblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- crude oil
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 39.7
- Contained Unit
- mmbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This represents a solid volume of proved developed non-producing crude oil reserves, indicating future production potential.
Positive factors
- Adds to the company's proved developed non-producing crude oil reserves
Evidence · table
“39.7”
Context: Proved developed non-producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · nglContained Metal: 0.9Contained Unit: mbblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 0.9
- Contained Unit
- mbbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: A small but positive contribution of NGLs to the proved developed non-producing reserve base.
Positive factors
- Contributes to the proved developed non-producing NGL reserves
Evidence · table
“0.9”
Context: Proved developed non-producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · natural gasContained Metal: 2043.8Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- natural gas
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 2043.8
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This represents a substantial volume of proved developed non-producing natural gas reserves, indicating future production potential.
Positive factors
- Significant volume of proved developed non-producing natural gas reserves
Evidence · table
“2,043.8”
Context: Proved developed non-producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · oil equivalentContained Metal: 381.2Contained Unit: mboeView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- oil equivalent
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 381.2
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This volume of proved developed non-producing reserves contributes to the company's future production profile.
Positive factors
- Adds to the company's proved developed non-producing reserves, indicating future production potential
Evidence · table
“381.2”
Context: Proved developed non-producing
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · crude oilContained Metal: 162.2Contained Unit: mmblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- crude oil
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 162.2
- Contained Unit
- mmbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This is a significant volume of total proved crude oil reserves, underpinning the company's long-term asset value.
Positive factors
- Represents a substantial total proved crude oil reserve base
Evidence · table
“162.2”
Context: Total Proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · nglContained Metal: 2.5Contained Unit: mbblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 2.5
- Contained Unit
- mbbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: A modest but positive contribution of NGLs to the total proved reserve base.
Positive factors
- Contributes to the total proved NGL reserves
Evidence · table
“2.5”
Context: Total Proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · natural gasContained Metal: 3658Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- natural gas
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 3658
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This is a significant volume of total proved natural gas reserves, underpinning the company's long-term asset value.
Positive factors
- Represents a substantial total proved natural gas reserve base
Evidence · table
“3,658.0”
Context: Total Proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
provenWestern Canadian Sedimentary Basin · oil equivalentContained Metal: 1155.7Contained Unit: mboeView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- oil equivalent
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:df2a78c65d7247dce4c9
Resource Data
- Category
- proven
- Contained Metal
- 1155.7
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 655
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: The 18% increase in total proved reserves (MBOE) is a strong positive, indicating successful reserve additions and upgrades to a high confidence category.
Positive factors
- Significant increase in total proved reserves (18%)
- Demonstrates successful reserve additions and upgrades
Evidence · table
“1,155.7”
Context: Total Proved
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 1155.7 against 655 previously
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableWestern Canadian Sedimentary Basin · crude oilContained Metal: 174Contained Unit: mmblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- crude oil
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:05020166d4103f91371a
Resource Data
- Category
- probable
- Contained Metal
- 174
- Contained Unit
- mmbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This represents a substantial volume of probable crude oil reserves, contributing to the company's long-term resource base.
Positive factors
- Adds to the company's probable crude oil reserves, indicating future potential
Evidence · table
“174”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableWestern Canadian Sedimentary Basin · nglContained Metal: 0.9Contained Unit: mbblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:05020166d4103f91371a
Resource Data
- Category
- probable
- Contained Metal
- 0.9
- Contained Unit
- mbbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: A small but positive contribution of NGLs to the probable reserve base.
Positive factors
- Contributes to the probable NGL reserves
Evidence · table
“0.9”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableWestern Canadian Sedimentary Basin · natural gasContained Metal: 931.5Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- natural gas
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:05020166d4103f91371a
Resource Data
- Category
- probable
- Contained Metal
- 931.5
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This represents a solid volume of probable natural gas reserves, contributing to the company's long-term resource base.
Positive factors
- Adds to the company's probable natural gas reserves, indicating future potential
Evidence · table
“931.5”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableWestern Canadian Sedimentary Basin · oil equivalentContained Metal: 1930.1Contained Unit: mboeView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- oil equivalent
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:05020166d4103f91371a
Resource Data
- Category
- probable
- Contained Metal
- 1930.1
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This represents a substantial volume of probable reserves, contributing to the company's long-term resource base.
Positive factors
- Significant volume of probable reserves, indicating future potential
Evidence · table
“1,930.1”
Context: Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableWestern Canadian Sedimentary Basin · crude oilContained Metal: 336.2Contained Unit: mmblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- crude oil
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:05020166d4103f91371a
Resource Data
- Category
- probable
- Contained Metal
- 336.2
- Contained Unit
- mmbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This is a significant volume of total proved plus probable crude oil reserves, underpinning the company's long-term asset value.
Positive factors
- Represents a substantial total proved plus probable crude oil reserve base
Evidence · table
“336.2”
Context: Total Proved plus Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableWestern Canadian Sedimentary Basin · nglContained Metal: 3.4Contained Unit: mbblsView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- ngl
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:05020166d4103f91371a
Resource Data
- Category
- probable
- Contained Metal
- 3.4
- Contained Unit
- mbbls
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: A modest but positive contribution of NGLs to the total proved plus probable reserve base.
Positive factors
- Contributes to the total proved plus probable NGL reserves
Evidence · table
“3.4”
Context: Total Proved plus Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableWestern Canadian Sedimentary Basin · natural gasContained Metal: 4589.5Contained Unit: mmcfView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- natural gas
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:05020166d4103f91371a
Resource Data
- Category
- probable
- Contained Metal
- 4589.5
- Contained Unit
- mmcf
Prior Estimate
- Resource Date
- 2025-12-31
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: This is a significant volume of total proved plus probable natural gas reserves, underpinning the company's long-term asset value.
Positive factors
- Represents a substantial total proved plus probable natural gas reserve base
Evidence · table
“4,589.5”
Context: Total Proved plus Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
probableWestern Canadian Sedimentary Basin · oil equivalentContained Metal: 3085.8Contained Unit: mboeView all detailsHide details
Identity
- Project
- Western Canadian Sedimentary Basin
- Commodity
- oil equivalent
- Region
- canada_ab
- Reported Region
- Southern Alberta
- Ticker
- WCSB
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Trimble Engineering Associates Ltd.
- Resource group id
- resource:05020166d4103f91371a
Resource Data
- Category
- probable
- Contained Metal
- 3085.8
- Contained Unit
- mboe
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 966.7
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-01T00:00:00.000Z
Reasoning: The 14% increase in total proved plus probable reserves (MBOE) is a positive indicator of overall reserve growth and future potential.
Positive factors
- Significant increase in total proved plus probable reserves (14%)
- Demonstrates overall growth in the company's reserve base
Evidence · table
“3,085.8”
Context: Total Proved plus Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 3085.8 against 966.7 previously
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.