Reserves & Resources Update
Reserves and resources update shows 1P reserves at 11.71 MMboe and 2P at 17.47 MMboe as at 31 December 2023.
- 1P Reserves & Resources 11.71 MMboe (prior 11.17 MMboe)
- 2P Reserves & Resources 17.47 MMboe (prior 17.04 MMboe)
- 2C Contingent Resources 18.59 MMboe (prior 18.72 MMboe)
- 1P NPV10 $143 million (prior $144 million)
- 2P NPV10 $235 million (prior $215 million)
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Star Energy is pleased to announce an updated Competent Persons Report (CPR) for its conventional oil and gas interests. The CPR was carried out by DeGolyer & MacNaughton (D&M), an independent third-party auditor.
Key highlights
Net Reserves & Contingent Resources as at 31 Dec 2023 (MMboe).
| 1P | 2P | 2C | |
| Reserves & Resources as at 31 Dec 2022 | 11.17 | 17.04 | 18.72 |
| Production during the period | (0.71) | (0.71) | - |
| Additions & revisions during the period | 1.25 | 1.14 | (0.13) |
| Reserves & Resources as at 31 Dec 2023 | 11.71 | 17.47 | 18.59 |
*Oil price assumption of c.$72/bbl for 5 years, then inflated at 2-3% p.a. from 2028 to 2050
- 1P NPV10 of $143 million(2021: $144 million)
- 2P NPV10 of $235 million (2021: $215 million)
The full report will be uploaded to https://www.starenergygroupplc.com/investors/reports-publications-presentations/
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