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Ukraine Resources & Operation
Ukraine Resources & Operation.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n RNS Number : 3572L Regal Petroleum PLC 05 May 2010 \n \n\nRegal Petroleum plc\n(\"Regal\" or the \"Company\")\n \n5 May 2010\nUKRAINE RESOURCES & OPERATIONAL UPDATE\n \nRegal, the AIM-listed oil and gas exploration and production group (symbol: RPT), announces an update on its hydrocarbon resources and operations in the Ukraine. \n \n \nUKRAINE RESOURCES UPDATE\n \nRyder-Scott Company L.P. (\"Ryder Scott\"), the independent petroleum consultants, was commissioned by Regal to produce an updated assessment of the reserves and prospective resources attributable to the Company's MEX-GOL-SV fields in Ukraine (the \"Report\"). The Report was published and released to Regal on 3 May 2010. The study is consistent with Regal's field development plan for the B-Sands, and accords with the 2007 Society of Petroleum Engineers Petroleum Resource Management System (SPE-PRMS) standards. The estimated recoverable gas and condensate reserves and undiscovered prospective resource volumes shown as MMscf and MMbbls in the table below have been extracted from the Report by consent of Ryder Scott and are further subject to the discussion contained in the referenced Ryder Scott report. The discussion presented herein was prepared by the Company and should not be attributed to Ryder Scott nor should it be construed to be approved by Ryder Scott for inclusion herein.\n \nThe Report has been prepared for the B-Sand reservoirs only with an effective date of 1 January 2010. In addition to the \" Remaining Proved + Probable\" reserves volume of 151.3 MMboe, the 2010 Report allocates to the B-Sands 102.4 MMboe to an additional \"Remaining Possible\" category and a further 151.9 MMboe to \"P50 Prospective Resources (Unrisked)\". It is intended to update the resource estimate for the B, T and D-Sands in due course once relevant additional data is available.\n \n \nReported Recoverable Reserves and Resources (as at 1 January 2010): B-SANDS ONLY\n \n\n\n\n\nRemaining Proved \n\n\nRemaining Probable \n\n\nRemaining Proved + Probable (2P)\n\n\nRemaining Possible \n \n\n\nRemaining Proved + Probable + Possible (3P)\n\n\nP50 B-Sand Prospective Resources (Unrisked) \n\n\n\n\n \n40.9 MMboe\n \n\n\n \n110.4 MMboe\n \n\n\n \n151.3 MMboe\n \n\n\n \n102.4 MMboe \n&...