RE: Mega RNS15 Feb 2022 08:07
All the below wrapped up in a relatively small £337m!..Rerate due
o Proved ("1P") reserves increasing by 68% to 37.4 million barrels. Net Present Value (before tax, discounted at 10% ("NPV-10")) is $724 million ($19.38/bbl) for 1P reserves;
o Proved plus Probable ("2P") reserves increasing by 53% to 78 million barrels. Net Present Value (before tax, discounted at 10% ("NPV-10") is $1.39 billion ($17.82/bbl) for 2P reserves; and,
o Proved plus Probable plus Possible ("3P") reserves increasing by 39% to 147 million barrels.