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Cautionary Statement There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Table Notes (1) The GaffneyCline Report includes estimates of un‐risked prospective resources and risked prospective resources for individual prospects and leads. The aggregations of these estimates were prepared by Canacol. (2) The Corporation aggregates probabilistically to the country level for internal portfolio management and long term planning. As required by COGEH Section 5.7, an explanation of this aggregation methodology is provided. A single distribution of prospective resources volumes on an un‐risked and risked basis was generated by means of a multiple trial Monte Carlo simulation incorporating Chance of Discovery (Geological Chance of Success (GCoS)), and Chance of Development (CoD) of all 188 prospects and leads from GaffneyCline� ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Canacol Energy Ltd. Announces 5.7 TCF of Gross Mean Un-risked Prospective Conventional Natural . Canacol Energy Ltd.April 21, 2021 GMT CALGARY, Alberta, April 21, 2021 (GLOBE NEWSWIRE) Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) is pleased to report on the conventional natural gas prospective resources (resources other than reserves, “ROTR”) for its Esperanza, VIM‐21, VIM‐5, VIM‐19, VIM-33, VIM-44 and SSJN-7 exploration blocks located in the Lower Magdalena Valley basin, and VMM-45, VMM-47 and VMM-49 exploration blocks located in the Middle Magdalena Valley basin of Colombia. Prospective resources are based on a new independent resources audit prepared by Gaffney, Cline & Associates (“GaffneyCline”), effective December 31, 2020 (the “GaffneyCline Report”). Canacol is a natural gas focused exploration and ....
South Africa: Azinam South Africa completes acquisition of 50 per cent operated interest in Block 2B oil discovery offshore South Africa 21 Apr 2021 Azinam South Africa Limited ( ASAL ), a Seacrest company, has announced the completion of its acquisition of a 50% operated interest in Block 2B offshore South Africa. Under the terms of the Company’s farmout agreement with Africa Energy Corp, ASAL has acquired a 50.0% participating interest in Block 2B and become the Operator of Block 2B on behalf of the joint venture partners. Africa Energy Corp. will retain a 27.5% participating interest in the block. Simultaneously, Panoro Energy has become a 12.5% participating interest holder on the licence. Crown Energy indirectly holds the remaining 10% participating interest. ....
Canacol Energy Ltd. Announces Prospective Resources Report for Two Shale Oil Blocks in the ... apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
UK Oil & Gas Plc (AIM: UKOG), a UK and internationally focused energy company, is pleased to announce its full year results for the full year ended 30 September 2020. A copy of the full annual report and details of the Company s annual general meeting will be posted to shareholders in due course. A copy of the full annual report will also be made available on the Company s website: www.ukogplc.com
Qualified Person s Statement Matt Cartwright, UKOG s Commercial Director, who has 38 years of relevant experience in the global oil industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers. ....