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GlobeNewswire 12/10/2018 19:35
There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production.
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Peak Oil News 12/10/2018 11:25
Recoverable reserves are calculated based not just on exploration results and geology but also on the price level that makes the oil and gas commercially viable for extraction.
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WorldOil 12/10/2018 09:39
Libya, with Africa’s biggest oil reserves, has struggled to raise and maintain production amid political divisions, conflict and lawlessness that have crippled its energy industry since a 2011 uprising.
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PR Newswire 12/10/2018 08:50
The Company plans to achieve further growth through low-risk, technically diligent drilling within its Queenstown assets, infrastructure ownership and reserve growth utilizing proven enhanced oil recovery techniques and implementation of technology.
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Zacks.com 12/10/2018 08:00
OPEC’s 14 members – before Qatar’s leaving this month – control 35% of global oil supplies and 82% of proven reserves.
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BOE Report 12/10/2018 07:41
Production excluding Libya averaged 1,221 MBOED for the nine months ended Sept. 30, 2018, and proved reserves were 5.0 billion BOE as of Dec. 31, 2017.
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