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Nostrum Oil&Gas provides reserves update


Published Feb 23, 2015
Nostrum Oil & Gas LP-2

Nostrum Oil&Gas PLC provides the results of the independent reserves audit of its licenses in north-western Kazakhstan as at 31 December 2014.

Highlights from the 2014 Ryder Scott Reserves report: •Proved reserves (1P) at 192.2mm boe •Production of approximately 21mm boe since the last report, with a proven reserve replacement ratio of over 65% •Proved + Probable reserves (2P) remained above 550mm boe at 571.1mm boe (2013: 582mm boe). The reduction was primarily a result of production exceeding Proved + Probable reserves (2P) growth. •The 3 additional licenses' reserves have remained unchanged at 98.2mm boe

Tags: Nostrum Oil & Gas LP




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