Update pngf sud
Reserves Upgrade at PNGF Sud
PetroNor E&P Limited: Reserves Upgrade at PNGF Sud
Oslo, 7 December 2021: PetroNor E&P Limited (OSE ticker: “PNOR”) (“PetroNor”) is pleased to inform that 1.88 mmbo of net contingent resources are being transferred to reserves increasing PetroNor’s proven plus probable reserves from 20.2 mmbo to 22.1 mmbo (estimate as per 1 January 2021).
The reserves upgrade corresponds to a reserve replacement ratio of approximately 140 per cent of PetroNor’s expected net 2021 production.
The reserves upgrade is related to the development of Tchibeli NE, a separate structure within PNGF Sud which was drilled in 1989. PetroNor holds 16.83 per cent net interest in the offshore PNGF Sud license in the Republic of Congo. The license is operated by Perenco.
As part of the 2022 budget process, the development of the discovery Tchibeli NE has been sanctioned. The wells will be completed with dry wellheads from a newly installed jack-up platform and the oil will be transported to the nearby Litanzi platform for processing. The development drilling is scheduled to start after completion of the four well Litanzi infill program which started late November.
The Tchibeli NE and Litanzi drilling programs are both part of the previously announced 17 well drilling campaign. Production benefits from the two-year infill drilling program are expected to be seen from Q1 2022 and onwards.
For further information, please contact:
Investor Relations
Elise Heidenreich
Tel: +4795141147
Email: ir@petronorep.com
PetroNor E&P Limited: Reserves Upgrade at PNGF Sud
Oslo, 7 December 2021: PetroNor E&P Limited (OSE ticker: “PNOR”) (“PetroNor”) is pleased to inform that 1.88 mmbo of net contingent resources are being transferred to reserves increasing PetroNor’s proven plus probable reserves from 20.2 mmbo to 22.1 mmbo (estimate as per 1 January 2021).
The reserves upgrade corresponds to a reserve replacement ratio of approximately 140 per cent of PetroNor’s expected net 2021 production.
The reserves upgrade is related to the development of Tchibeli NE, a separate structure within PNGF Sud which was drilled in 1989. PetroNor holds 16.83 per cent net interest in the offshore PNGF Sud license in the Republic of Congo. The license is operated by Perenco.
As part of the 2022 budget process, the development of the discovery Tchibeli NE has been sanctioned. The wells will be completed with dry wellheads from a newly installed jack-up platform and the oil will be transported to the nearby Litanzi platform for processing. The development drilling is scheduled to start after completion of the four well Litanzi infill program which started late November.
The Tchibeli NE and Litanzi drilling programs are both part of the previously announced 17 well drilling campaign. Production benefits from the two-year infill drilling program are expected to be seen from Q1 2022 and onwards.
For further information, please contact:
Investor Relations
Elise Heidenreich
Tel: +4795141147
Email: ir@petronorep.com
Redigert 07.12.2021 kl 07:24
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tuja
07.12.2021 kl 08:18
1645
Fin melding. PNOR jobber godt. Kun aksjekursen som ikke gjenspeiles i den fine utviklingen selskapet har.
Enhver oppgang fremover blir nok dessverre momentant drept av leide investorer, som vil benytte enhver anledning til å komme seg ut.
Håper selv det blir tatt en spleis av aksjene snart. 10/1 eller lignende.
Håper selv det blir tatt en spleis av aksjene snart. 10/1 eller lignende.
Dovretro
07.12.2021 kl 10:11
1424
På XI i går var det noen som sa at Pareto ringte rundt for å få tak i aksjer for short,
thief
07.12.2021 kl 10:14
1405
Var visst ikke ny short,men at noen har tilbakekalt shortaksjene,og de må prøve å låne av andre 🙂Satse på de ikke får tak i noen og må begynne å kjøpe de tilbake!
Dovretro
07.12.2021 kl 10:17
1383
Det virker jo som de som selger på 1,10 er utømmelig, helt merkelig at denne ligger å vaker under det vi startet på i går
thief
07.12.2021 kl 10:26
1350
Verdiøkningen på oppdaterte reserver i dag,var jo på 0.1kr pr.aksje i følge pareto.Så de som selger på 1.1kr nå,er det samme som 1kr i går 🙂De får holde på.Verdiene i selskapet øker hele tiden,så denne tullete kursen kan ikke vare lenge. Når det fundamentale bedrer seg hele tiden, så går det fint å vente til man får mer riktig betalt for aksjene.
tuja
07.12.2021 kl 10:40
1292
Pareto med oppdatering i dag: PNOR announced today that ~1,9 mmbbls of 2C resources at PNGF Sud (16.83% WI) have been converted to 2P reserves, increasing the company’s 2P reserves base by 9.4% to ~22.1 mmbbls. The upgrade, which is related to the Tchibeli NE development at PNGF Sud, is equivalent to a ~140% reserves replacement ratio based on PNOR’s expected 2021 production. The Tchibeli NE development work has been sanctioned as part of the ongoing 17 wells drilling campaign that is expected to impact production from Q1’22 onwards. We estimate a NOK 0.1/share impact from the reserves increase , and reiterate our BUY rec. on PNOR with a TP of NOK 1.8
Ev88
07.12.2021 kl 11:20
1187
Enhver oppgang blir ikke drept fremover ved sexy nyheter, det er det vi venter på nå. Aje ett eksempel.
thief
07.12.2021 kl 11:27
1159
Ja,Aje vil være en stor trigger. Med godkjennelse av den,kan veien til over 10k i produksjon begynne.Skal jo bli en enorm økning fra AJE. Og de 3 første brønnene er vel allerede planlagt.Så med ok fra myndighetene, så tar det nok ikke lange tiden før det blir action i Nigeria 🙂Så venter man jo også på nytt kjøp, som de jobber iherdig med. Vil nok også bidra til sterk produksjonsøkning!Håpe de klarer det før nyttår, som de hintet om.Hadde jo vært morro om det smalt inn til uka, da aksjen er pauset. Og vi åpner med et smell 21.des🙂
Redigert 07.12.2021 kl 11:28
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