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EP Global Opportunities Trust Plc - Annual Financial Report
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ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
The full Annual Report and Financial Statements can be accessed via the Company s website at www.epgot.com or by contacting the Company Secretary by telephone on 0131 270 3800.
HIGHLIGHTS
At 31 December 2020, the net asset value per share was 308.4p, a decrease of 3.9% over the year. With dividends re-invested, the net asset value total return was -1.3%.
The share price discount to net asset value per share was 7.9%, compared to 3.4% at the prior year end. With dividends re-invested, the share price total return was -5.6%.
Alvopetro Announces 21% Increase in 2P Reserves
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CALGARY, AB, March 9, 2021 /CNW/ - Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces our reserves as at December 31, 2020 with total proved plus probable ( 2P ) reserves of 9.6 MMboe and a before tax value discounted at 10% of US$195.2 million, changes of 21% and (2%) respectively from our previous years reporting. The reserves data set forth herein is based on an independent reserve assessment and evaluation prepared by GLJ Ltd. ( GLJ ) dated March 8, 2021 with an effective date of December 31, 2020 (the GLJ Report ).
December 31, 2020 Reserve Report Highlights
Proved reserves ( 1P ) and 2P reserves increased to 5.1 mmboe (+4%) and 9.6 mmboe (+21%) respectively, primarily due to the addition of development locations at our Gomo development.
Canadian Natural Resources Limited Announces 2020 Fourth Quarter and Year End Results finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Orca” or the “
Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) announces the approval of its Independent Reserves Evaluation as at December 31, 2020. All currency amounts in this news release are in United States Dollars (
$) unless otherwise stated.
INDEPENDENT RESERVES EVALUATION
The Company’s conventional natural gas reserves as at December 31, 2020 for the period to the end of the primary (25 year) term of the production sharing agreement (the “
Songo Songo PSA“) with the Tanzanian Petroleum Development Corporation (the “
TPDC“) have been evaluated by independent petroleum engineering consultants McDaniel & Associates Consultants Ltd. (“
McDaniel“) in accordance with the definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook (“