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