24
 ….Present Value of Reserves
(PV 10%)
•PV 10% = $108.5 million at 12/31/99 constant prices indicated
 •PV 10% = $160.1 million at 12/31/99 SEC methodology
Value Effects of Price Changes
(1) $17.50 / Bbl, $2.25 / Mcf
(2) SEC price methodology