Reservoir Engineering & Recovery Methods News

A Closer Look at Africa’s LNG Industry: Established Players and Promising New Projects
South Africa >> 5/29/2023 - Africa may not possess the vast conventional gas resources of the Middle East or Russia, and it may not be able to match the combined conventional and unconventional resources of North America. But it...
LNG Scale Discovered Resources Delineated in EP187
Australia >> 5/29/2023 - • Successful 2022 Beetaloo work program has resulted in the certification of an LNG scale resource as independently assessed by Netherland, Sewell & Associates, Inc. (“NSAI”) for Empire’s wholly own...
ORLEN Group Increases its Oil Reserves in Norway
Norway >> 5/26/2023 - The Øst Frigg Beta/Epsilon discovery, where the ORLEN Group's PGNiG Upstream Norway is a licence partner, may contain twice as much oil as previously assumed. The recent discovery increases total reso...
Cairn Oil & Gas Gross Reserves Plus Resources Exceeds 1.1B Barrels of Oil Equivalent
India >> 5/24/2023 - Highlights:
Gross Proved Plus Probable (2P) Reserves1 are 310 million barrels of oil equivalent (MMboe)
Gross Contingent (2C) Reserves1 are 846 MMboe, and Cairn is defining up to 20 potent...
PEI Announces 53% Increase in TPP Reserves in 2022 Reserve Report
Canada >> 5/5/2023 - Prospera Energy Inc. (PEI) December 31, 2022 year-end reserves were independently assessed by InSite Petroleum Consultants Ltd. (“InSite”). The Insite report confirmed current recovery to date of 8.6%...
Invest in African Energy Forum in Paris to Showcase Mozambique’s Gas Prospects
Mozambique >> 5/5/2023 - With 100 trillion cubic feet of gas reserves and a series of major projects underway, Mozambique’s gas sector has the potential to transform the regional energy landscape.

For Africa to all...
Petro-Victory Announces 43% Increase in 2P of 6.939 Million Barrels of Oil Equivalent
Canada >> 5/2/2023 - Petro-Victory Energy Corp. ("Petro-Victory" or the "Company") is delighted to announce a 43% increase of its before-tax value discounted at 10% ("PV10 Valuation") net proved plus probable reserves ("2...
Avila Energy Announces Results of Its Independent Reserves Evaluation
Canada >> 4/28/2023 - Avila Energy Corporation is pleased to announce the results of its Independent Reserves Evaluation and the Acquisition Completed November 1st, 2022, in East Central Alberta.

The Company's in...
Valeura Energy Provides Business Update, 2023 Guidance Outlook, and Reserves and Resources
Thailand >> 4/18/2023 - Valeura Energy Inc. (TSX:VLE) (“Valeura” or the “Company”), the upstream oil and gas company with assets in the offshore Gulf of Thailand and the Thrace Basin of Turkey, is pleased to provide a busine...
Jadestone Announces 2023 Guidance, Year-End 2022 Reserves and Notice of Results
Malaysia >> 4/13/2023 - Jadestone Energy plc (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia-Pacific region, is pleased to announce 2023 operational and financial guidance, y...
Trillion Energy Announces Significant Increase to SASB Gas Field Reserves
Turkey >> 4/5/2023 - Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce the results of its January 31, 2023 reserve report update for the SAS...
i3 Energy Canada Ltd YE 2022 Reserves
Canada >> 4/3/2023 - i3 Energy plc an independent oil and gas company with assets and operations in the UK and Canada, is pleased to announce the results of its 2022 year-end reserve report, for its subsidiary i3 Energy C...
Bass Oil Announces Reserves and Contingent Resources at 31 December 2022
Australia >> 3/31/2023 - Bass Oil Limited is an Australian-listed oil producer that holds a majority interest in eight permits in the Cooper Basin (Australia) including the 100% owned Worrior and Padulla oil fields and a 55%...
Pulse Oil Corp. Announces 2022 Year End Reserve Report
Canada >> 3/31/2023 - Pulse Oil Corp., (“Pulse” or the "Company”) is pleased to provide summary results of its third-party December 31, 2022 year-end reserve report.

Reserve Results Highlights:
Proved an...
37% PDP Growth in Brooks and Thorsby Reserves
Australia >> 3/30/2023 - Reserve Highlights
• Reserves at December 31, 2022 - audited by InSite Petroleum Consultants Ltd:
o 3P reserves 24.4 million boe
o 2P Reserves 20.5 million boe
o 1P Reserves 16.1 ...
Arrow Exploration Announces 2022 Year-end Reserves
Canada >> 3/29/2023 - Arrow Exploration Corp. (AIM: AXL; TSXV: AXL) is pleased to announce the results of its 2022 year-end reserves evaluation by Boury Global Energy Consultants Ltd. ("BouryGEC").

All reserves ...
Publication of Annual Statement of Reserves and Resources
Norway >> 3/29/2023 - Norwegian Energy Company ASA ("BlueNord" or the "Company") has today published its 2022 Annual Statement of Reserves and Resources. As of 31 December 2022, the Company’s net 2P (proven and probable) r...
Twinza Announces Major Resource Upgrade
Papua-New Guinea >> 3/29/2023 - Twinza is pleased to announce that it has completed two new major reservoir assessments for the Pasca A field:
• An updated independent assessment of the Pasca A hydrocarbon resources has confir...
Updated Report Analysis on Trillion Energy
Turkey >> 3/28/2023 -  Successful Drilling Program Results in a Large Increase in Reserves
Maintain BUY and Target Price
This morning, Trillion Energy International Inc. (“TCF”) released the results of its<...
Hammerhead Energy Announces Record 2022 Annual Results
Canada >> 3/28/2023 - Hammerhead Energy Inc. is pleased to announce record 2022 annual financial and operating results, year-end 2022 reserves and provide 2023 guidance.

On February 23, 2023, HEI completed a pl...

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