Australian Rare Earths

Australian Alternative Energy Forum


Not Really a Forum, more of my memory aid.


Comments on this forum should never be taken as investment advice.


Go Back   Alternative Energy Forums > Alternative Energy Discussion > UCG (undeground coal gasification)

Reply
 
Thread Tools Display Modes
  #1  
Old 08-28-2012, 06:34 AM
Sparty Sparty is offline
Administrator
 
Join Date: Mar 2009
Posts: 1,734
Default Linc's Alaska play 2P 154MMboe


Linc Energy Limited (ASX:LNC) Reserve Estimate Highlights 2P Reserves of 154.5mmboe at Umiat Oil Field Project in Alaska


Last updated: 08/27/2012 22:31:12

Brisbane, Australia, Aug 27, 2012 (ABN Newswire via COMTEX News Network) -- Linc Energy Limited (ASX:LNC) (OTCQX:LNCGY) is pleased to announce the completion of an independent reserve estimate report for 100% of the Company's interest in the Umiat oil field project ("Umiat project") located in Alaska, USA.


The 2P reserves estimate for the Umiat project is 154.5 MMboe and the 3P reserves estimate is 194 MMboe.


These reserve estimates have net present values using a discount rate of 10% per annum compounded monthly ("NPV10%") of US$1.496 billion (for 2P reserves) and US$1.828 billion (for 3P reserves).


Linc Energy's Umiat oil field consists of 19,358 gross acres over three leases and is located in the western foothills/foldbelt province of the North Slope Foothills of Alaska.


The reserves estimate was conducted by independent consultants, Ryder Scott Company, L.P. in accordance with the definitions and guidelines set out in the 2007 Petroleum Resource Management System approved by the Society of Petroleum Engineers.


Linc Energy is well advanced with its plans to drill the Umiat location within this 2012 Winter drilling season.






To view the complete Linc Energy announcement, please click the link below:
http://media.abnnewswire.net/media/e...LNC-244771.pdf

 

Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice.

Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 11:52 AM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.