KMG EP: Strikes New Find at the Rozhkovskoye Field
KazMunaiGas Exploration Production Joint Stock Company announces a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field. Inflow of light dry crude oil and gas with maximum flow rates of 1.9 kboe/day and 6 million cubic feet/day, respectively, with 24/64″ (9.5 mm) choke, was …
KMG EP Reserves Update as at 31 December 2013
JSC KаzМunaiGas Exploration Production (“KМG EP” or the “Company”) announces the results of the reserves audit as at 31 December 2013 performed by the independent consultant Miller and Lents, Ltd. (“MLL”) at Ozenmunaigas JSC (“OMG”), Embamunaigas JSC (“EMG”), and Ural Oil and Gas LLP (“UOG” where KMG EP holds a …
Tatneft: Results of Independent Reserve Audit
Based on the results of independent audit by Miller & Lents, Ltd. as of 1 January 2014 net reserves of Tatneft estimated in accordance with the Petroleum Resources Management System (PRMS) of the Society of Petroleum Engineers (SPE) were: Reserves Category Net Reserves Crude and Condensate, MBbls Gas, MMcf Proved …
KazMunaiGas Exploration Production: 2013 Financial Results, Profit Down 12%
JSC KazMunaiGas Exploration Production announces its consolidated financial results for the year ended 31 December 2013. The Company’s revenues in 2013 were 816.7bn Tenge (US$5,368m), 2% higher than in 2012. In 2013 average Brent price declined by 3% compared with 2012. Export sales volumes dropped by 1%, whereas domestic sales …
LukOil: Reserve Replacement Exceeds 100% in 2013
OAO LUKOIL finished an evaluation and independent audit of its oil and gas reserves, as they stand on December 31, 2013. The evaluation was performed in accordance with the US Securities and Exchange Commission (SEC) standards until the economic limit of commercial production is reached. The audit results by Miller …
Urals Energy: Petrosakh Drilling Completed Awaiting Test Results, Arcticneft Tanker Shipment Underway
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce the following update on its operations at Petrosakh and Articneft assets as well as the Board’s preliminary findings on the Alleged Debt Repayment Agreement. Petrosakh As outlined in the Circular posted to shareholders on …
KazMunaiGas E&P: Shows Marginal Production Increase
JSC KazMunaiGas Exploration Production announces its operating results for the first nine months of 2013. KMG EP produced 9,228 thousand tonnes of crude oil (250kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), which is 120 thousand tonnes or 1% more than in the same …
Regular Meeting of the Board of Directors of Tatneft
A regular meeting of the Board of Directors of JSC TATNEFT, chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Almetyevsk on May 27, 2013. The Board of Directors meeting reviewed the budget performance of JSC TATNEFT for four months in 2013 and approved the budget …
Exillon Energy: Proved Reserves Up 56%, Probable Up 96%
Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), today issues its updated reserves report prepared by Miller & Lents, Houston. · Total proved (“1P”) reserves increased by 56% to 196 million …
Exillon Energy: Preliminary Unaudited Results for the Year ended 31 December 2012
Exillon Energy plc, a London listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora and West Siberia, today issues its preliminary unaudited results for the year ended 31 December 2012. From the Chief Executive · Production up 45%, exceeding 16,000 bpd in December · EBITDA …