Wtf mkt cap £3m4 Feb 2020 15:50
PERU - Onshore Block XXI
A re-evaluation of the El Barco Prospect has now been completed by Baron management, incorporating data from the nearby San Pedro offshore field that produces from the Amotape Basement reservoir.
On this basis, we have increased the 2U (P50) unrisked recoverable Prospective Resources of El Barco to 8.5 million barrels of oil recoverable from the higher risk Amotape, with some associated gas, and 14.7 billion cubic feet of gas recoverable from the low risk, shallower Mancora Sand.
The following tabulation of Unrisked Prospective Resources has been computed by Baron management using deterministic methodology and complies with the 2018 SPE PRMS: