Proven reserves

Canacol Energy (CNE): Ready to exploit Colombian tightening gas market

Thursday, January 14, 2021 - 8:02am

As we look across the E&P investment universe, few companies potentially offer greater asymmetric risk/reward upside compared with Canacol.

Key Points: 
  • As we look across the E&P investment universe, few companies potentially offer greater asymmetric risk/reward upside compared with Canacol.
  • The company is playing into a tightening Colombian gas market, which should continue to support favourable pricing and longer-term growth plans.
  • Our base case valuation stands at C$5.87/share and assumes the world will return to normal in 2022, with gas sales resuming to pre-COVID-19 levels.
  • With fixed gas prices for the medium term and 624bcf 2P reserves, the downside exposure to this valuation is limited to exploration success and decreased gas demand.

McEwen Mining: Fenix Project Feasibility Study

Thursday, December 31, 2020 - 11:55am

(2) Cash cost is calculated by dividing total life-of-mine production costs, general and administrative expenses and royalties by total ounces produced.

Key Points: 
  • (2) Cash cost is calculated by dividing total life-of-mine production costs, general and administrative expenses and royalties by total ounces produced.
  • There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves.
  • Under NI 43-101, McEwen Mining reports measured, indicated and inferred resources, measurements, which are generally not permitted in filings made with the SEC.
  • The estimation of measured resources and indicated resources involve greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves.

Golden Minerals Drills 30.3m Grading 3.1 g/t Au at the Rodeo Gold Project

Thursday, October 1, 2020 - 11:50am

Accordingly, the disclosures regarding mineralization in this news release may not be comparable to similar information disclosed by Golden Minerals in the reports it files with the SEC.

Key Points: 
  • Accordingly, the disclosures regarding mineralization in this news release may not be comparable to similar information disclosed by Golden Minerals in the reports it files with the SEC.
  • The estimation of measured resources and indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves.
  • Golden Minerals is a Delaware corporation based in Golden, Colorado.
  • Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Companys Annual Report on Form 10-K for the year ended December 31, 2019.

Golden Minerals Drills 24m Grading 6.7 g/t Au at its Rodeo Gold Project, Durango, Mexico

Wednesday, August 26, 2020 - 11:50am

Accordingly, the disclosures regarding mineralization in this news release may not be comparable to similar information disclosed by Golden Minerals in the reports it files with the SEC.

Key Points: 
  • Accordingly, the disclosures regarding mineralization in this news release may not be comparable to similar information disclosed by Golden Minerals in the reports it files with the SEC.
  • The estimation of measured resources and indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves.
  • Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory in Chihuahua or Zacatecas, Mexico.
  • Golden Minerals is a Delaware corporation based in Golden, Colorado.

Mandalay Resources Corporation Announces Financial Results for the Second Quarter of 2020

Wednesday, August 12, 2020 - 10:45pm

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden, care and maintenance and development projects in Chile.

Key Points: 
  • Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden, care and maintenance and development projects in Chile.
  • The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay.
  • In addition, there can be no assurance that any inferred resources that are discovered as a result of additional drilling will ever be upgraded to proven or probable reserves.
  • A reconciliation between cost of sales and cash costs, and also cash cost to all-in sustaining costs are included in the MD&A.

Golden Minerals Drills 23.4m Grading 5.96 g/t Au at Rodeo Gold Project, Durango, Mexico

Tuesday, August 11, 2020 - 11:50am

Accordingly, the disclosures regarding mineralization in this news release may not be comparable to similar information disclosed by Golden Minerals in the reports it files with the SEC.

Key Points: 
  • Accordingly, the disclosures regarding mineralization in this news release may not be comparable to similar information disclosed by Golden Minerals in the reports it files with the SEC.
  • The estimation of measured resources and indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves.
  • Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory in Chihuahua or Zacatecas, Mexico.
  • Golden Minerals is a Delaware corporation based in Golden, Colorado.

BNK Petroleum Inc. - 33.4 Million BOE in 2019 Year-End Proved Reserves

Monday, March 9, 2020 - 12:00pm

The Company's reserves are contained in a shale oil reservoir from which gas and natural gas liquids are produced as by-products.

Key Points: 
  • The Company's reserves are contained in a shale oil reservoir from which gas and natural gas liquids are produced as by-products.
  • Possible reserves are those additional reserves that are less certain to be recovered than probable reserves.
  • BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays.
  • Estimated reserves and future net revenue have been independently evaluated by NSAI with an effective date of December 31, 2019.

BNK Petroleum Inc. - 33.4 Million BOE in 2019 Year-End Proved Reserves

Monday, March 9, 2020 - 12:00pm

The Company's reserves are contained in a shale oil reservoir from which gas and natural gas liquids are produced as by-products.

Key Points: 
  • The Company's reserves are contained in a shale oil reservoir from which gas and natural gas liquids are produced as by-products.
  • Possible reserves are those additional reserves that are less certain to be recovered than probable reserves.
  • BNK Petroleum Inc. is an international oil and gas exploration and production company focused on finding and exploiting large, predominately unconventional oil and gas resource plays.
  • Estimated reserves and future net revenue have been independently evaluated by NSAI with an effective date of December 31, 2019.

Cuda Oil and Gas Inc. Reports Significant Increases in Oil and Liquid Reserves

Wednesday, February 19, 2020 - 1:00pm

Forecast pricing used is based on Ryder Scott published price forecasts effective December 31, 2018

Key Points: 
  • Forecast pricing used is based on Ryder Scott published price forecasts effective December 31, 2018
    About Cuda Oil and Gas Inc.
    Cuda Oil and Gas Inc. is engaged in the business of exploring for, developing and producing oil and natural gas, and acquiring oil and natural gas properties across North America.
  • The Cuda management team brings a full spectrum of geotechnical, engineering, negotiating and financial experience to its investment decisions.
  • This news release contains metrics commonly used in the oil and natural gas industry, such as future development costs, net asset value and reserve life index.
  • Future development costs are estimates of capital expenditures required in the future for the Company to convert proved developed non-producing reserves and probable reserves to proved developed producing reserves.

Kosmos Energy Increases Reserves for Seventh Consecutive Year

Wednesday, February 12, 2020 - 7:00am

2P reserves in Equatorial Guinea and the Gulf of Mexico were held relatively flat, with revisions replacing most of 2019 production.

Key Points: 
  • 2P reserves in Equatorial Guinea and the Gulf of Mexico were held relatively flat, with revisions replacing most of 2019 production.
  • The companys reported reserves are prepared by Ryder Scott Company, L.P., an independent third-party reserve engineering firm.
  • Proved reserves have been calculated using SEC guidelines at a weighted average price of $63.15/bbl Brent.
  • Proved plus probable reserves have been calculated using PRMS guidelines using a nominal Brent oil price of $60/bbl in 2020 increasing thereafter.