Operations

Reserve Report

The Company appointed McDaniel and Associates Consultants Limited ("McDaniel") of Calgary to provide its independent evaluation of its assets, including the LS36-1 gas field and Block 33/07. McDaniel is one of the world's leading petroleum consulting firms specialising in geological studies, reserves evaluations, resource assessments, economic evaluations and petroleum engineering studies. McDaniel has been the independent engineering auditor for the Company since 2007 and has witnessed the full progress of the LS36-1 Development from feasibility study, ODP, to completion and current production. The latest report as at March 31, 2016 updated their evaluation of the natural gas and natural gas liquid reserves located in the LS36-1 gas field in accordance with the standards set out in Canadian National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook (COGEH).

The latest McDaniel's report is available on this website click here and on SEDAR.