InvestorsHub Logo
Followers 11
Posts 422
Boards Moderated 1
Alias Born 12/30/2004

Re: None

Monday, 11/30/2009 8:32:43 AM

Monday, November 30, 2009 8:32:43 AM

Post# of 17739
IAE.v

I asked the company when we might expect updates on reserves for Jacky and Beatrice. I received the following response:

In our latest presentation on our website, we show a schedule for lodging reserves dossiers with Sproule ( our reserves auditors). To date, the Harrier, Hurricane and Stella Chalk dossiers have been lodged. The cost update on Athena has alos been sent. On Jacky Sproule has all our latest mapping but is awaiting flow results from the production well post water injection. We have not announced rates to the market yet. On Beatrice , we will await the results of the workovers on Bravo before sending the reserves dossier to Sproule. On Carna, we are still awaiting finalised numbers from Venture the Operator.

In summary and in answer to your question, mid December for Jacky and end December for Beatrice, but likely some other upgrades before then.

My conclusion is that December should have a few announcements. Hopefully they will be positive.

tmcal6

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.