Hinto Energy says that the reserve study, which was conducted by SanTech Upstream, LLC, an independent, third party company, based in Farmington, New Mexico, indicated that the Mason Lake field could have a remaining production life of about 14.8 years with a 13% decline rate.

The PV-10 value is estimated to be about $3,279,842. As primary recovery appears to not been completed, the field has an estimated remaining primary recovery of 2.48 MBO and a secondary recovery of 1,189.5 MBO. Hinto Energy owns a 95% working interest in the Mason Lake Field.

Tags: Hinto Energy Inc.