ERC’s 2P reserves estimates were 4143 million boe (92% oil) compared to 3619 million boe (93% oil) 2P reserves reported by TAG Oil on 31 March 2016. The increase in the company’s reserves of approximately 14% is attributable to the following factors: an approximate 27% increase in annual reserves revisions of 962 million boe, which is primarily due to improved recovery, technical revisions and reclassification from the no reserves assigned (NRA) category; and an approximate 12% decrease due to 438 million boe produced over the 12 month period in fiscal year 2017.
Anna Nicklin
Assistant Editor
Anna joined Palladian Publications in July 2016 and is currently working as an assistant editor on Hydrocarbon Engineering magazine. She is excited at the prospect of enhancing her industry knowledge through this role.
Anna recently graduated from the University of Nottingham with a first class BA (Hons) degree in English and Philosophy, where she spent much of her time editing articles for a student magazine.
Currently living in Camberley, Anna enjoys cooking, exercising and travelling in her spare time.
