RE: Quite18 Apr 2023 21:57
Professional : it helps to ascertain the difference between reserves, contingent and prospective
I’m not saying I’m an expert hence it’s useful to read summary which you’ll fund again in page 16 - but fir tge umpteenth time I’ll print fir you again anyway (os study page 14 too):-
Summary – creating a solid growth platform
• Potentially transformative and value accretive transaction in line with strategy to focus on proven resources and cash generative assets
• Platform has the potential to deliver up to ~4,000 bopd** in the coming years from 2P net reserves of 3.85 mmbbl* and 2C/2U net risked resources of 13.48 mmbbl* in drilled prospects with proven oil
• Attractive transaction metrics with zero upfront cash consideration paid and monies raised to fund relatively low-risk, value enhancing drilling activity
• Establishes footprint in a country with an attractive fiscal regime and compelling growth dynamics
• Provides Beacon Energy with existing and near-term production growth, proven Reserves and Resources and robust cash flow = a solid growth platform
2P Net Reserves of fields &
2C & 2U Net Risked Resources of prospects with proven oil*
Graben West Graben East
Risked 2U* Risked 2C* 2P*
Lauben
Steig PBS
Steig Meletta
Schwarzbach South
Stockstadt Mitte
2U 2C 2P
Stockstadt Mitte*
Indicative gross production profile of discovered resources**
| www.beaconenergyplc.com | * SGS C