Tamarack Valley Energy Ltd Announces Fourth Quarter and Year End 2020 Financial Results and Reserves Highlights yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
) costs of $4.78/boe, including technical revisions.
During 2020, the downturn in commodity prices necessitated suspension of capital development so there were no material reserves added from drilling.
Year-end 2020 estimated net present values of future net revenue before tax discounted at 10% (“NPV
10 BT”) for PDP, 1P and 2P reserves totaled $54.7 million, $107.4 million and $218.0 million, respectively.
Approximately 100% of PPR’s total estimated abandonment and reclamation obligations (ARO) is included in the 2020 reserves evaluation (2019 – approximately 79%).
Reserve life index
(1) was 4.7 years, 10.5 years and 16.0 years on a PDP, 1P and 2P basis, respectively.
Notes:
(1)
Finding & Development Costs and “Reserve Life Index” does not have a standardized meaning. See Cautionary Statements – Disclosure of Oil and Gas Reserves Data and Operational Information and Cautionary Statements – Reserve Life Index below
Prairie Provident Announces Year-End 2020 Reserves einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
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VanGold PEA Outlines 7 Year Mine Life
February 16, 2021 GMT
New Resource Est. of 7.2 M oz. Indicated and 20.4 M oz. Inferred AgEq
VANCOUVER, BC / ACCESSWIRE / February 16, 2021 / Further to the Company’s proposed acquisition of the El Cubo mine and mill complex (“El Cubo”) from Endeavour Silver Corp. (“Endeavour”) announced December 18, 2020, VanGold Mining Corp. (the “Company” or “VanGold”) (TSXV:VGLD) is pleased to announce positive results from its Preliminary Economic Assessment (the “PEA”) for the combined El Cubo and El Pinguico project south of the city of Guanajuato, Mexico (together the “Combined Project”). Details of the PEA including the Company’s maiden Mineral Resource estimate will be provided in a NI 43-101 technical report with an effective date of January 31, 2021 and an issue date of February 12, 2021(the “PEA Report”) to be filed under the