Formation Evaluation News

Panoro Energy Announces 2022 Annual Statement of Reserves
Tunisia >> 4/27/2023 - Panoro Energy ASA (“Panoro”) is pleased to announce the release of its 2022 Annual Statement of Reserves (the “ASR”).

Panoro achieved an organic reserve replacement ra...
Pantheon Resources Announces Operational and Corporate Update
United States >> 4/21/2023 - Pantheon Resources plc ("Pantheon"), the AIM-quoted oil and gas company with a 100% working interest in all of its oil projects spanning c. 153,000 acres adjacent and near to transportation and pipeli...
Minister of Petroleum Tareq el Mulla Proven Oil Reserves in Sinai
Minister of Petroleum Tareq el Mulla Proven Oil Reserves in Sinai Egypt >> 4/19/2023 - Minister of Petroleum Tareq el Mulla said concessions of oil companies operating in Sinai still have proven petroleum reserves that require continued cooperation and coordination among these firms. ...
Maha Energy Updated Reserve and Resource Report for Papa Terra & Peroá
Brazil >> 4/6/2023 - 3R Petroleum S.A. (“3R”) has announced the reserve report as of 31 December 2022 for 3R Offshore assets Peroá Cluster and Papa Terra. Maha will have an indirect working interest of 15% and 9.375%, res...
Serica Energy Announces 2022 Year End Reserve
United Kingdom >> 4/5/2023 - Serica Energy plc (SQZ) announces the results of the independent1 estimates of oil and gas reserves for each of the Serica and Tailwind groups of companies as at 31 December 2022. ...
UKOG Announces Horndean Field Resource Report by D&M
United Kingdom >> 3/23/2023 - UK Oil & Gas PLC (UKOG) is pleased to announce that a new Competent Person's Report ("CPR") has been completed on the Horndean field (UKOG 10% non-operated interest) by Dallas, Texas based DeGolyer & ...
Trillion Energy Announces 2022 Year End Reserve Report
Canada >> 3/23/2023 - Trillion Energy International Inc. (“Trillion”) (TCF) (TRLEF) (Z62) is pleased to provide summary results of its third-party December 31, 2022 year-end reserve report.

Reserve Report H...
Gazprom Keeping Gas Reserve Rates above Production Rates for 18 Consecutive Years
Russia >> 3/21/2023 - - Gas reserves grew by 529.2 billion cubic meters as a result of geological exploration.
- The biggest addition was achieved in the Yamal-Nenets Autonomous Area.

The Gazprom Board ...
Canacol Energy Achieves 169% 2P Reserve Replacement Ratio
Colombia >> 3/21/2023 - Canacol Energy Ltd. (“Canacol” ) is pleased to report its conventional natural gas and light/medium crude oil reserves for the fiscal year end December 31, 2022. The Corporation’s conventional natural...
Kolibri Energy Announces Net Present Value of Proved Reserves Increased 43%
United States >> 3/13/2023 - Kolibri Global Energy Inc. (“KEI”), is providing the results of its December 31, 2022, independent reserves evaluation.

Wolf Regener, ...
Longboat Energy Announces PL 939 Licence Update
Norway >> 3/3/2023 - Longboat Energy, the emerging full-cycle E&P company, provides an update on the status of the PL 939 licence which contains the Egyptian Vulture oil discovery.

...
TAG Oil Reports Fiscal Q3 2023 Results
TAG Oil Reports Fiscal Q3 2023 Results Egypt >> 2/28/2023 - TAG Oil Ltd. (TAO) (TAOIF) ("TAG Oil") is pleased to report the filing of its financial results for the interim period ending December 31, 2022. A copy of TAG Oil's financial statements and managemen...
Ecopetrol Increased Reserves to 2,011 Million Barrels of Oil Equivalent by End of 2022
Colombia >> 2/24/2023 - - The reserves-to-production or average reserves life of the Ecopetrol Group remained at over 8 years (8.4 years).
- The Reserve-Replacement Ratio (RRR) was 104%, fully replacing production wit...
Frontera Announces 2022 Year End Reserves
Colombia >> 2/22/2023 - Frontera Energy Corporation (FEC) ("Frontera") announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton CORP ("D&M"). All dollar amounts in this news r...
SM Energy Reports 2022 Results
United States >> 2/22/2023 - SM Energy Company (SM) announced certain fourth quarter and full year 2022 operating and financial results, year-end 2022 estimated proved reserves and its 2023 operating plan. Highlights include: ...
UKOG Announces RPS Loxley Gas Discovery Report
United Kingdom >> 2/21/2023 - Highlights:
- RPS Energy Consultants ("RPS") completes Competent Person's Report ("CPR") illustrating the potential economic value of UKOG's Loxley Gas discovery, located 9 miles south of Gui...
Horizon Announces Significant Increase in WZ12-8E Project Reserves
China >> 2/9/2023 - Horizon is pleased to announce a significant increase in reserves for its WZ12-8E project in Block 22/12, Beibu Gulf, China. This updated assessment follows a detailed and ongoing review of production...
CNX Announces Proved Reserves of 9.81 Tcfe
United States >> 2/9/2023 - CNX Resources Corporation (CNX) ("CNX") announced its year-end reserves update as of December 31, 2022.
- Increased proved developed reserves by 5%, or 315 Bcfe, to 6,221 Bcfe
- During 2022,...
Range Resources Announces Proved Reserve
United States >> 2/8/2023 - Range Resources Corporation (RRC) announced that year-end 2022 proved reserves increased to 18.1 Tcfe and SEC PV10 increased to $29.6 billion.

Comm...
Petrobras on Proved Reserves in 2022
Brazil >> 1/26/2023 - Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 10.5 billion barrels of oil equivalent (bo...

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