Greenfield recently reported that its 1P reserves increased 51% to 37 mmboe, 2P reserves increased 33% to 53 mmboe, and 3P reserves increased 24% to 66 mmboe. The increase reverse booked also include a significant increase in future development capital to US$211 mm on 1P reserves, US$274 mm on 2P reserves, and US$329 mm on 3P reserves. In order to fund the future development capital, Greenfields will require external sources of financing. We have estimated the dilution and have reduced our ta
12 Mar 2018
Greenfields’ year-end 2017 reserves increased, but equity injection required to develop
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Greenfields’ year-end 2017 reserves increased, but equity injection required to develop
Greenfield recently reported that its 1P reserves increased 51% to 37 mmboe, 2P reserves increased 33% to 53 mmboe, and 3P reserves increased 24% to 66 mmboe. The increase reverse booked also include a significant increase in future development capital to US$211 mm on 1P reserves, US$274 mm on 2P reserves, and US$329 mm on 3P reserves. In order to fund the future development capital, Greenfields will require external sources of financing. We have estimated the dilution and have reduced our ta