Exploration & Production | Reserves | Production Rates
Artek Increases Reserves, Production in 2014
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Artek Exploration Ltd. has announced the results of its independent reserve evaluation for the year ended December 31, 2014 as prepared by Sproule Associates Limited.
2014 Highlights Increased Proved plus Probable reserves by 9% to 46.4 million boe and Proved reserves by 12% to 24.0 million boe and Proved Developed Producing reserves by 31% to 6.6 million boe as compared to the previous year. Increased Proved plus Probable Oil and NGLs reserves year over year by 55% to 16.8 million boe from 10.8 million boe and also increased Proved Oil and NGLs reserves by 57% to 8.8 million boe from 5.6 million boe. Achieved all in finding, development and acquisition costs of $11.36 per boe on Proved plus Probable reserves. Finding and development costs including FDC but excluding acquisitions and…- ✓ Full news archive — U.S., Canada & international coverage
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