TSXV:LNGE - Post Discussion
Post by
Betteryear2 on Mar 12, 2024 9:26am
LNG Energy Group Announces 2023 Year End Reserves Evaluation
Highlights:
- Increased before-tax NPV10 for Proved (1P) reserves to U.S.$171 million representing NPV10 of C$1.49 per share.
- Increased before-tax NPV10 for Proved plus Probable (2P) reserves to U.S.$306 million representing NPV10 of C$2.67 per share.
- Increased before-tax NPV10 for Proved plus Probable plus Possible (3P) reserves to U.S.$577 million representing NPV10 of C$5.04 per share.
- At December 31, 2023, 1P net reserves life index of 7.9 years and a 2P reserves life index of 14.3 years.
- Three-year average net reserves replacement ratio is 193% on a 1P basis, 336% on a 2P basis.
TORONTO, March 12, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: E26) (the “Company” or “LNG Energy Group”) announced today announced the results of its annual independent reserves assessment conducted by DeGolyer and MacNaughton (“D&M”). All of the Company’s booked reserves for the year ended December 31, 2023 are located close to markets and infrastructure in northern Colombia within the Lower Magdalena and Sin-San Jacinto basins.
LNG Energy Group Announces 2023 Year End Reserves (globenewswire.com)
Be the first to comment on this post