Business
Reserves & Resources Update
Reserves & Resources Update.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4973A\n Enwell Energy PLC\n 02 June 2021\n \n \n \n \n \n 2 June 2021\n \n \n \n \n Enwell Energy plc\n \n (\"Enwell\" or the \"Company\")\n \n \n \n \n \n Reserves & Resources Update\n \n \n \n \n \n Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, is pleased to announce \n an update on its hydrocarbon Reserves and Contingent Resources at its wholly owned and operated, via LLC Arkona Gas-Energy, \n Svystunivsko-Chervonolutskyi (SC) exploration licence in Ukraine\n .\n \n \n \n \n \n Enwell engaged independent petroleum consultants, DeGolyer and MacNaughton, to prepare an assessment of the remaining Reserves and Contingent Resources attributable to the SC exploration licence as of 1 January 2021 (the \"Report\"). The Report is consistent with Enwell's current field development plans, and accords with the March 2007 (as revised in June 2018) SPE/WPC/AAPG/SPEE Petroleum Resources Management System standard for classification and reporting. \n \n \n \n \n \n The Report estimates the remaining Reserves as of 1 January 2021 in the SC licence as follows:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Proved \n \n \n (1P)\n \n \n \n \n Proved + Probable \n \n \n (2P)\n \n \n \n \n Proved + Probable + Possible (3P)\n \n \n \n \n \n \n \n \n \n Gas \n \n \n \n \n \n \n \n 17.20 Bscf / 0.49 Bm3\n \n \n \n \n 65.16 Bscf / 1.85 Bm3\n \n \n \n \n 85.03 Bscf / 2.41 Bm3\n \n \n \n \n \n \n \n \n \n Condensate\n \n \n \n \n \n \n \n 145 Mbbl / 16 Mtonne\n \n \n \n \n 548 Mbbl / 61 Mtonne\n \n \n \n \n 716 Mbbl / 80 Mtonne\n \n \n \n \n \n \n \n \n \n Total\n \n \n \n \n \n \n \n 3.2 MMboe\n \n \n \n \n \n 12.1\n \n \n MMboe\n \n \n \n \n \n \n 15.7\n \n \n MMboe\n \n \n \n \n \n \n \n \n \n The Report estimates the Contingent Resources as of 1 January 2021 in the SC licence as follows:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Contingent Resources (1C)\n \n \n \n \n Contingent Resources (2C)\n \n \n \n \n Contingent Resources (3C)\n \n \n \n \n \n \n \n \n \n Gas \n \n \n \n \n \n \n \n 8.56 Bscf / 0.24 Bm3\n \n \n \n \n 14.18 Bscf / 0.40 Bm3\n \n \n \n \n 81.16 Bscf / 2.30 Bm3\n \n \n \n \n \n \n \n \n \n Condensate\n \n \n \n ...