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The actual number of Class A subordinate voting shares which may be purchased pursuant to the Bid and the timing of any such purchases will be determined by management of BBL. 2 and the three re-completions has increased total net daily gas production by 850 Mcf and net daily oil production by 140 Bbl. The Company has adopted the use of a conversion ratio from natural gas to oil of six thousand cubic feet (Mcf) per one barrel (Bbl) of oil equivalent, rather than a 10 Mcf to 1 Bbl. |
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