Maha Energy: Updated Reserve and Resource Report for Papa Terra and Peroá
April 06 2023 - 7:40AM
Maha Energy: Updated Reserve and Resource Report for Papa Terra and
Peroá
3R Petroleum S.A. (“3R”)
has announced the reserve report as of 31
December 2022 for 3R Offshore assets Peroá Cluster and Papa Terra.
Maha will have an indirect working interest of 15% and 9.375%,
respectively, in these assets upon the closing of the business
combination with DBO.
DeGolyer and MacNaughton has completed their
annual reserve and resource determination for 3R Offshore, 3R
subsidiary where DBO holds 15% of equity interest.
|
DBO 2.0 S.A. Company Gross Reserves* as of
31 December 2022(Million barrels of oil
equivalent) |
|
Category |
Papa Terra (9.375%) |
Peroá (15%) |
Total |
|
1P |
9.7 |
1.5 |
11.2 |
|
2P |
16.7 |
2.0 |
18.8 |
|
3P |
21.5 |
2.1 |
23.6 |
* Volumes are Gross Working Interest volumes and are expressed
before royalties, Government allocations and taxes.
|
DBO 2.0 S.A. Net Present Value (10) after tax (Million
USD) as of 31 December 2022 |
|
Category |
Papa Terra (9.375%) |
Peroá (15%) |
Total |
|
1P |
70 |
18 |
88 |
|
2P |
117 |
31 |
148 |
|
3P |
160 |
34 |
194 |
Peroá Cluster has an additional 2.1 MMBOE in 2C
resources related to Malombe, to be reclassified as reserve after
the declaration of commerciality of the field.
|
Resource CategoryMalombe |
(MMBOE)Gross |
(MMBOE)Net (15% WI) |
Net Present Value (10) after tax (Million
USD) |
|
1C |
8.7 |
1.3 |
8.7 |
|
2C |
13.7 |
2.1 |
17.4 |
|
3C |
15.8 |
2.4 |
20.1 |
The reserves review and issuance of this reserve
report for 3R was made by the independent petroleum engineering
consultants DeGolyer and MacNaughton. Estimates of reserves
presented in this report have been prepared in accordance with the
Petroleum Resources Management System (PRMS) approved in March 2007
and revised in June 2018 by the Society of Petroleum Engineers, the
World Petroleum Council, the American Association of Petroleum
Geologists, the Society of Petroleum Evaluation Engineers, the
Society of Exploration Geophysicists, the Society of
Petrophysicists and Well Log Analysts, and the European Association
of Geoscientists & Engineers.
For more information, please
contact:Paulo Thiago Mendonça, CEO, Phone: +46 8 611 05
11, E-mail: info@mahaenergy.ca Guilherme Campos, CFO, Phone: +46 8
611 05 11, E-mail: info@mahaenergy.ca
Miscellaneous The information
was submitted for publication, through the agency of the contact
person set out below, at 13:40 CEST on 6 April 2023.
About MahaMaha Energy AB (publ)
is a listed, international upstream oil and gas company whose
business activities include exploration, development and production
of crude oil and natural gas. The strategy is to target and develop
underperforming hydrocarbon assets on global basis. Maha operates
the Mafraq field in Block 70 in the Sultanate of Oman and assets in
the United States. The shares are listed on Nasdaq Stockholm
(MAHA-A). The head office is in Stockholm, Sweden with a technical
office in Calgary, Canada, as well as operations offices in
Grayville, Illinois, USA and Muscat, Oman. For more information,
please visit our website www.mahaenergy.ca
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