UMC Energy Corporation Final Results -2-
May 28 2014 - 7:30AM
UK Regulatory
Other structures in PPL 378 and in PPL 405 were also appraised
for two, mutually exclusive, alternative cases: an oil case
(assuming no gas) and a gas case (assuming no oil). The gross
prospective resource of oil (P50 Best Estimate) for all structures
was assessed at 1,692 MMbbl. The gross prospective gas resource
(P50 Best Estimate) for all structures was 3,347 Bcf (3.347 Tcf),
as follows:
GROSS PROSPECTIVE RESOURCES NET ATTRIBUTABLE PROSPECTIVE
- OIL RESOURCES TO UMC ENERGY
All values in MMbbls*
Low Best High Low Best High Chance
Estimate Estimate Estimate Estimate Estimate Estimate of
P90 P50 P10 P90 P50 P10 Success
LICENCE LEAD (%)
----------- ---------- ------------- ----------- ---------- --------------
PPL378 Poro
West Prospect 219 511 1141 66 153 342 14
------------ ----------- ---------- ------------- ----------- ---------- -------------- -----------
PPL378 Lead
East A 19 49 122 6 15 37 5
------------ ----------- ---------- ------------- ----------- ---------- -------------- -----------
Lead
A' 35 96 252 11 29 76 3
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Lead
B 75 240 769 23 72 231 6
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Wasuma
Prospect 16 35 74 5 10 22 48
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Lead
C 100 372 812 30 112 244 4
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Warra
Deep
Lead 60 221 481 18 66 144 8
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Lead
PPL405 D 48 168 361 14 50 108 4
------------ ----------- ---------- ------------- ----------- ---------- -------------- -----------
P50 Total Oil 1,692 508
----------- ---------- ------------- ----------- ---------- -------------- -----------
*Note: MMbbls = million barrels of recoverable oil; assumes all
oil with no gas fill in mapped closure
GROSS PROSPECTIVE RESOURCES NET ATTRIBUTABLE PROSPECTIVE
- GAS RESOURCES TO UMC ENERGY
All values in Bcf*
Low Best High Low Best High Chance
Estimate Estimate Estimate Estimate Estimate Estimate of
P90 P50 P10 P90 P50 P10 Success
LICENCE LEAD (%)
----------- ---------- ------------- ----------- ---------- --------------
PPL378 Poro
West Prospect 555 1336 3011 167 401 903 14
------------ ----------- ---------- ------------- ----------- ---------- -------------- -----------
PPL378 Lead
East A 28 69 163 8 21 49 5
------------ ----------- ---------- ------------- ----------- ---------- -------------- -----------
Lead
A' 64 168 218 19 50 65 3
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Lead
B 109 345 1098 33 104 329 6
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Wasuma
Prospect 19 36 64 6 11 19 48
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Lead
C 176 657 1464 53 197 439 4
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Warra
Deep
Lead 108 393 449 32 118 135 8
----------------------- ----------- ---------- ------------- ----------- ---------- -------------- -----------
Lead
PPL405 D 98 343 734 30 103 220 4
------------ ----------- ---------- ------------- ----------- ---------- -------------- -----------
P50 Total Gas 3,347 1,005
----------- ---------- ------------- ----------- ---------- -------------- -----------
*Note: Bcf = billion standard cubic feet of recoverable gas;
assumes all gas with no oil fill in mapped closure
GROSS PROSPECTIVE RESOURCES NET ATTRIBUTABLE PROSPECTIVE
- OIL RESOURCES TO UMC ENERGY
All values in MMbbls*
Low Best High Low Best High Chance
Estimate Estimate Estimate Estimate Estimate Estimate of Success
LICENCE LEAD P90 P50 P10 P90 P50 P10 (%)
----------- ----------- ------------- ----------- ----------- --------------
Lead
A 450 1284 2909 135 385 873 2
-------------------- ----------- ----------- ------------- ----------- ----------- -------------- ------------
Lead
B/B1 787 2089 4468 236 627 1340 2.2
-------------------- ----------- ----------- ------------- ----------- ----------- -------------- ------------
Lead
C/C1 47 135 310 14 41 93 0.6
-------------------- ----------- ----------- ------------- ----------- ----------- -------------- ------------
Lead
PPL374 D 338 1078 2658 101 323 797 2.8
-------- ----------- ----------- ------------- ----------- ----------- -------------- ------------
Lead
E 70 208 480 21 62 144 1.5
-------------------- ----------- ----------- ------------- ----------- ----------- -------------- ------------
Lead
F 127 361 810 38 108 243 1.4
-------------------- ----------- ----------- ------------- ----------- ----------- -------------- ------------
Lead
G 52 133 289 16 40 87 2.1
-------------------- ----------- ----------- ------------- ----------- ----------- -------------- ------------
Lead
PPL375 H 59 200 473 18 60 142 5
-------- ----------- ----------- ------------- ----------- ----------- -------------- ------------
Grand P50 Total
Oil 5,488 1,646
----------- ----------- ------------- ----------- ----------- -------------- ------------
Eight untested structures were identified in offshore licences
PPL 374 and PPL 375. Alternative oil and gas cases gave gross
prospective resources for all structures of 5,488 MMbbl oil or
6,673 Bcf (6.673 Tcf) gas, as follows.
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