Leucrotta announced its 2018 reserve results, which is similar to prior years. Conversion of resource to tangible production and cash flow continues to be secondary to preservation/expansion of large resource footprint, and the careful delineation of acreage position. As such, PDP based performance measures are underwhelming, undeveloped 1P/2P categories are better, though will still trial its peers to a degree in some efficiency aspects.
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Reports 2018 reserve book
- Published:
08 Mar 2019 -
Author:
Robert Fitzmartyn -
Pages:
7
Leucrotta announced its 2018 reserve results, which is similar to prior years. Conversion of resource to tangible production and cash flow continues to be secondary to preservation/expansion of large resource footprint, and the careful delineation of acreage position. As such, PDP based performance measures are underwhelming, undeveloped 1P/2P categories are better, though will still trial its peers to a degree in some efficiency aspects.