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GLJ |
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The significant change in the estimated future liability is due to increasing regulatory requirements, changing the assumptions of economic life to agree with the GLJ Petroleum Consultants Ltd. The table is derived from the January 23, 2006 report of the independent reserve evaluators, GLJ Petroleum Consultants Ltd. The Board of Directors of the Company has a Reserves Committee, which has met with and carried out independent due diligence procedures with each of Sproule, Ryder Scott and GLJ as to the Company's reserves. |
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