Further, the initial NI 51-101 report dated April 01, 2016, resulted in USD$5.15 million of 1P (Total Proven Reserves) consisting of US$1.25 million PDP (Proved Developed Producing) and USD$2.89 million PDNP (Proved Developed non-Producing). The new updated NI 51- 101 report dated May 03, 2017, effective April 01, 2017 and prepared by Amiel David, Ph.D of PeTech Enterprises Inc, has resulted in US$30.1 million 1P (Total Proven Reserves), including USD$21.9 million in PDP and USD$8.2 million in PDNP.
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