• Present value of the proved reserves, discounted at 10% (“PV-10”), is US$79.5 million, a 320% increase from PV-10 in 2016.
Additionally, due to the early stage development, information on the probable reserves is provided. Probable reserves estimated by NSAI are 21.4 MMBOE bringing total proved and probable reserves to 34.8 MMBOE with a value of US$303.2 million.
FDM Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held