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2010 Reserves Report Audit Highlights
2010 Reserves Report Audit Highlights.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 1236J Zhaikmunai LP 27 June 2011 \n\nZhaikmunai L.P.\n(the \"Partnership\")\n \nSOLID INCREASE IN RESERVES LEADING TO \nSTRONG RESERVES REPLACEMENT OVER PRODUCTION\n \n \nZhaikmunai LP (LSE: ZKM), the oil and gas exploration and production enterprise, today announces an increase in reserves and strong reserves replacement and a further increase in production through its Gas Treatment Facility (GTF). \n \nThe independent Reserves Audit of its Chinarevskoye field in north-western Kazakhstan, as at 31 December 2010, was provided by petroleum consultants Ryder Scott Company, L.P. (\"Ryder Scott\"). \n \n \nHIGHLIGHTS FROM THE 2010 RESERVES REPORT AUDIT\n \n· Proved plus probable gross reserves (2P) have increased by 11.9 mmboe (2.3%) to 538.6 mmboe (July 1, 2009: 526.7 mmboe)\n· Positive reserves replacement ratio of 208% based on a production of 5.7 mmboe during the period (July 1, 2009 - December 31, 2010);\n· Proved reserves have increased by 4.4 mmboe (3.2%) to 143.5 mmboe (July 1, 2009: 139.1 mmboe);\n· Probable reserves have increased by 7.5 mmboe (2.0%) to 395.1 mmboe (July 1, 2009: 387.6 mmboe);\n· The product mix between oil/condensate, LPG and dry gas remains comparable to previous reports, i.e. oil/condensate: 40%; LPG: 15%; and dry gas: 45%.\n \n \nRYDER SCOTT FINDINGS\n \nThe Ryder Scott Reserves Report estimates that Zhaikmunai has the following gross reserves:\n \nCATEGORY 31 December 2010 1 July 2009\n \nProved Reserves 143.5 mmboe &nb...