Finally, at the Companys Nyuni Area licence, the Pmean GIIP
Mean gross GIIP increased by 200% from 153 bcf to 466 bcf
High estimate gross GIIP increased by 240% from 332 bcf to 1.
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However, the Companys interpretation of the reprocessed data on Cronx suggests that the GIIP
on Cronx is likely to be slightly lower than the estimates in the ERC Equipoise Competent Persons Report dated July 2012.
Additional discoveries have offset the lower pressures resulting in marginal changes in Contingent Resources and GIIP
ERCE has reported, an estimated Mean undiscovered GIIP
of approximately 20 trillion cubic feet (TCF) of gas net to Egdon, with a range from approximately 7 to 38 TCF.
Across the Companys total portfolio, aggregate Best Estimate GIIP
and P50 prospective resource estimated to have increased to 4.
Prospective Resources associated with those leads on P2253 and P2258 have been provided by Simwell Resources, and reviewed by the Company, with gross GIIP
estimated to be in the range of 576BCF to 2,602 BCF and combined P50 net Prospective Resources of 303 BCF of gas for Lead Z, C North and Hz-80 Fault Abutment.
The RISC assessment has increased the GIIP
estimate to 11.