UK Oil & Gas plc has reported a near two-thirds increase in reserves at the Horndean onshore oil joint venture, 10 miles north of Portsmouth in Hampshire. VALUE A new reserves report for operator Star Energy Group plc assessed and compared the field’s remaining reserves at the end of 2024 with the end of 2023. […]
Tag: reserves
Hummingbird net group estimates fall
Hummingbird Resources plc net group estimates have fallen compared with last year’s statement for its projects in Guinea, Mali and Liberia. UNTAPPED EXPLORATION Revised group reserves total 4.03 million ounces of gold and group resources of 6.95 Moz, while net figures saw a decrease of 98,000 ounces and 327 Koz respectively. At the Kouroussa gold […]
Serica reserves rise from Triton and Bruce
Serica Energy plc announced an increase in oil and gas reserves based on independent estimates for the company and its acquisition Tailwind. FACTORS As at 31 December 2022, pro-forma proved plus probable (2P) reserves had risen to 130.4 mmboe compared with 104.0 mmboe on 31 December 2021. The company said that the net increase was […]