UKOG announced that a Competent Person Report has been completed on the Horndean Field (10% UKOG) by Degolyer & MacNaughton that has ascribed UKOG's 10% interest in the field with a net 2P reserve estimate of 106,400 barrels of recoverable oil and a net 2C reserve estimate of 79,800 barrels of recoverable oil – an aggregate estimate of 186,200 barrels (up from 179,300 in 2022).
