Table search / Veren Inc. / "Independent"

5. The following table shows the net present value of future net revenue (before deduction of income taxes) attributed to proved + probable reserves, estimated using forecast prices and costs and calculated using a discount rate of 10 percent, included in the reserves data of the Company evaluated for the year ended December 31, 2023, and identifies the respective portions thereof that we have evaluated and reported on to the Company's Board of Directors:

The average of the three independent reserve evaluator price decks (McDaniel, GLJ Ltd. and Sproule Associates Ltd.) resulted in the following pricing, exchange rate and inflation rate assumptions as of December 31, 2023 in estimating our reserves data using forecast prices and costs.