Re; BOPD29 Jan 2018 11:28
Morning smidsy I have added a couple of $ to our market cap plus a couple of your garlic lug worms for good measure;-0 apart from that all we have data wise is this from RNS 16 JAN.
RITA ARE YOU ON THE COMPUTER TYPING Q4 RNS ????
Total net PDP oil and condensate reserves of 274.475 Mbbl as at 1 January 2018 (1 January 2017: 282.686 Mbbl of oil and condensate)
Total net PDP gas reserves of 1,692.497 MMCF as at 1 January 2018 (1 January 2017: 2,343.116 MMcf gas)
Change in total net PDP reserves due to:
the divestment of interests in the 13 Sympson Wells to align portfolio with counties that qualify for investment under the US$18.5m capital management agreement with Western Energy Development LLC (�WED�) and to pay down debt � as these were increased density wells, all 13 had been included in the January 2017 report
the divestment of a number of non-core and low valued wells
US$4,002,000 value (NPV9) of total net PDP reserves as at 1 January 2018 (1 January 2017: US$4,026,000) provides strong asset backing to current market capitalisation
The Reserves will be used to re-determine the borrowing base limit of the Company�s US$6 million credit facility in February 2018
The Report only covers proved developed producing reserves and does not include proved shut-in, proved undeveloped, probable and possible reserve classes as well as Magnolia�s interests in undeveloped acreage