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Proved Reserves Increase by 15.2% to 194.8 mmboe
Proved Reserves Increase by 15.2% to 194.8 mmboe.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 6068F Zhaikmunai LP 28 May 2013 \n\n \nCHINAREVSKOYE FIELD PROVED RESERVES INCREASE BY 15.2% to 194.8 MMBOE\n \n \nAmsterdam, 28 May 2013. Zhaikmunai L.P. (LSE: ZKM), the oil and gas exploration and production enterprise with assets in north-western Kazakhstan, today releases the independent reserves audit of its Chinarevskoye field as at 31 December 2012. The report was prepared by petroleum consultants Ryder Scott Company, L.P. (\"Ryder Scott\").\n \n \nHIGHLIGHTS FROM THE 2012 RESERVES REPORT\n \n· Proved reserves (1P) have increased by 25.7 mmboe (15.2%) to 194.8 mmboe (December 31, 2011: 169.1 mmboe);\n· Proved reserves (1P) replacement was 174.8%, i.e. the 2012 increase in proved reserves (1P) (25.7 mmboe) more than replaced the 2012 total actual Chinarevskoye field production which amounted to 14.7 mmboe compared to a projected production of 19.1 mmboe (2011 Ryder Scott Report);\n· The main increase (90.6%) in proved reserves came from the Biski-Afoninski reservoir (23.3 mmboe);\n· Proved plus probable reserves (2P) remained above 500 mmboe. The 2P reserves have slightly decreased to 506.1 mmboe (December 2011: 521.6 mmboe) as a result of the 2012 production and some small adjustments on all reservoirs;\n \n \nRYDER SCOTT FINDINGS\n \nThe Ryder Scott Reserves Report estimates the following gross reserves for Zhaikmunai's Chinarevskoye field:\n \n\n\n\n\nCATEGORY\n\n\n31 December 2012\n\n\n31 December 2011\n\n\n\n\nProved Reserves (1P)\n\n\n194.8 mmboe\n\n\n169.1 mmboe\n\n\n\n\nProbable Reserves\n\n\n311.3 mmboe\n\n\n352.4 mmboe\n\n\n\n\nProved + Probable Reserves (2P)\n\n\n506.1 mmboe\n\n\n521.6 mmboe\n\n\n\n\n \n \nRECENTLY ACQUIRED FIELDS\n \nReserves estimates by Ryder Scott for Zhaikmunai's recently acquired Rostoshinskoye, Darjinskoye and Yuzhno-Gremyachenskoye fields located in the vicinity of the Chinarevskoye field are underway and will be released at a later date as the acquisition of these three fields was completed only in March 2013.\n \n \nKai-Uwe Kessel, CEO of Zhaikmunai, commented:\n \n\"The 2012 Ryder Scott Reserves Report reaffirms Zhaikmunai's existing strong reserve base and exceptional potenti...