Sproule and GPMI Announce Collaboration on Oil, Gas and Natural Gas Liquids Price Forecasts as Part of Strategic Alliance

March 14, 2016 9:43 AM

CALGARY, AB – March 14, 2016 – Sproule Associates Limited (“Sproule”) and Gas Processing Management Inc. (“GPMi”) are pleased to announce collaboration on the publication of oil, gas and natural gas liquids price forecasts as part of the Sproule-GPMi strategic alliance.

Sproule has been providing price forecasts to the oil and gas industry for over 40 years for use in reserves and resources evaluations, M&A related due diligence and field development planning projects. The integration of GPMi’s knowledge and expertise in NGL markets supports the rigor of the forecast, which is used by TSX listed companies for their annual National Instrument 51-101 compliant reserve evaluations and assists clients with their navigation of the current market turmoil. The forecasts are available for download at: www.sproule.com/forecasts.

“Given the volatility in today’s markets we welcome the opportunity to pair the experience of both Sproule’s and GPMi’s price forecasting teams to help our clients better understand commodity price uncertainty,” said GPMi Principal Gerry Goobie.

“Our partnership on our monthly price forecast publication is just another example of our joint commitment to offer clients best in class solutions for integrated subsurface, infrastructure and market advice,” said Christoffer Mylde, Vice President, Corporate Development and Partner of Sproule.

In September 2015, Sproule and GPMi inked a strategic alliance, offering planning and advisory services across the complete oil and gas value chain, from the reservoir to end use markets. Recognized as respective industry leaders in reservoir analysis and infrastructure planning and evaluation, Sproule and GPMi are uniquely positioned to provide integrated field development planning service offerings including A&D valuation, LNG feedstock planning, resource forecasts and market analysis, reservoir development, infrastructure analysis, opportunity identification, and training solutions all designed to optimize asset value.

About GPMi

Established in 1999, GPMi is an independently owned consulting company that provides leading oil and gas surface planning and evaluation services to a full spectrum of clients. Located in Calgary, GPMi has developed considerable North American and International expertise in the assessment, strategy development, opportunity identification and implementation for gathering, processing and market connection infrastructure. GPMi provides expert related advisory services for A&D, market analysis, NGL, LNG and petrochemicals, area studies on emerging plays or key market segments and commercial facilitation.

About Sproule

As one of the world’s premier petroleum consulting and advisory firms, Sproule’s truly independent and trusted reports provide clarity and confidence in decision-making for all stakeholders. Our expertise emanates from our proud heritage and deep bench strength across technical and commercial disciplines. This underpins our role as a trusted advisor in our practice areas of: reservoir characterization and integrated services; field development and capital strategies; reserves certification and performance analytics; strategic advisory; and training for industry professionals. Our footprint covers all major energy provinces in the world from our head office in Calgary.

For further information, please contact:

Christoffer Mylde

Vice President, Corporate Development and Partner, Sproule

Tel: 1 403 294 5162

Email: chris.mylde@sproule.com

Jordan Magidson

Business Development Analyst, Sproule

Tel: 1 403 444 0299

Email: Jordan.magidson@sproule.com

Gerry Goobie

Principal, GPMi

Tel: 403-680-9110