Anasuria Cluster - Reserves and Contingent Resources Assessment
Friday 24 August 2018
Anasuria Hibiscus UK Limited, a the wholly-owned subsidiary of Hibiscus Petroleum Berhad, had on 28 May 2018, appointed LEAP ENERGY Partners Sdn Bhd to undertake an independent evaluation of in-place and recoverable hydrocarbons in the Anasuria Cluster.
The Anasuria Cluster consists of the Teal, Teal South, Guillemot and Cook fields which produce to the Anasuria Floating, Production, Storage and Offloading vessel ("FPSO"), all located offshore in the United Kingdom sector of North Sea. AHUK holds 50% interests in the Teal, Teal South and Guillemot fields, as well as a 19.3% interest in the Cook field.
The Company announced a summary of the reserves and contingent resources report prepared by LEAP Energy in respect of the Assessment ("Reserves Report") in Section 2 of the attached announcement. All Reserves and Resources estimates in the Reserves Report are based on the 2007 SPE/AAPG/WPC/SPEE Petroleum Resource Management System (PRMS) guideline.
This announcement is based on, and fairly represents, information and supporting documentation prepared by LEAP Energy.
Further details of the Reserves Report are set out in the attachment.