InvestorsHub Logo
Followers 104
Posts 16734
Boards Moderated 3
Alias Born 12/07/2005

Re: None

Thursday, 10/20/2016 7:35:40 PM

Thursday, October 20, 2016 7:35:40 PM

Post# of 2594
Highlights of Sawn Lake, Alberta Contingent Resources Report as at June 30, 2016
Results of the demonstration project increased unrisked recoverable resources 8%, significantly increased average peak production rates and decreased the requirement for natural gas by 16%.
Andora's unrisked "Best Estimate" contingent resources increased 8% to 231.6 million barrels of recoverable bitumen (166.3 million barrels net to Pan Orient's 71.8% interest in Andora).
The estimated before tax net present value, discounted at 10%, of Andora's unrisked "Best Estimate" contingent resources increased 21% to $568 million ($408 million net to Pan Orient's 71.8% interest in Andora), despite a 15% decrease in the forecast average realized price per barrel for bitumen, given the performance of the demonstration project in terms of peak production rate and cumulative steam-oil ratio ("CSOR")

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.