An independent resource audit by Gaffney, Cline & Associates (GCA) has significantly increased the resources at the Mako gas field following the JV's highly successful drilling campaign in Q4/19. GCA have increased the 2C gross recoverable dry gas volumes when compared to its previous resource assessment (in January 2019) by 79% to 495Bcf, slightly ahead of the internal 493Bcf assessment. In the upside case, the 3C resources have increased by 108% to 817Bcf, significantly higher than the 3C inte ....
28 May 2020
Cenkos: Empyrean Energy Plc -- Significant Resource Upgrade - Valuation Update
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Cenkos: Empyrean Energy Plc -- Significant Resource Upgrade - Valuation Update
Empyrean Energy PLC (EME:LON) | 0.6 0 (-0.9%) | Mkt Cap: 7.45m
- Published:
28 May 2020 -
Author:
James McCormack -
Pages:
6
An independent resource audit by Gaffney, Cline & Associates (GCA) has significantly increased the resources at the Mako gas field following the JV's highly successful drilling campaign in Q4/19. GCA have increased the 2C gross recoverable dry gas volumes when compared to its previous resource assessment (in January 2019) by 79% to 495Bcf, slightly ahead of the internal 493Bcf assessment. In the upside case, the 3C resources have increased by 108% to 817Bcf, significantly higher than the 3C inte ....