Global Energy Development reports independently assessed reserves
Tuesday, March 28, 2006
Global Energy Development PLC, the Latin America focused petroleum exploration and production company, has announced that it had proved and probable reserves (2P) of 17.5 million barrels of oil and proved, probable and possible (3P) reserves of 67.5 million barrels at 31 December 2005, as assessed by the independent engineers Ryder Scott Company, LP.
The Company also said that two wells, the Tilodiran 1 and Macarenas 1 wells within the Rio Verde contract in Colombia had ceased production during the fourth quarter of 2005 due to casing failures and neither has contributed to production so far in 2006. Workovers to restore production on these wells are unlikely to commence until the second half of 2006 due to a shortage of workover rigs and necessary downhole equipment.
Global Energy Development expects 2006 production to be approximately 500,000 barrels of oil.
|
Relevant Companies
For more Company information and share price data click below:
Headlines
» Amino to acquire set-top box division from Tilgin
Thursday, November 20, 2008
» Protherics upbeat on figures ahead of coming together with BTG
Thursday, November 20, 2008
» Cambridge kicks off gold production at Quintana mine in Colombia
Thursday, November 20, 2008
» Pangea shakes off market fears with fundraising plans
Thursday, November 20, 2008
» Valiant making progress towards Don fields production
Thursday, November 20, 2008
» Microemissive Displays set to call in administrators
Thursday, November 20, 2008
» Oxford Catalysts completes “transformational” Velocys deal
Thursday, November 20, 2008
» Range Resources rejects Somali pirate connection
Thursday, November 20, 2008
» Kalahari Minerals pulls out of full merger with Extract Resources
Wednesday, November 19, 2008
» ARC International launches cost-saving Virtual Bass system
Wednesday, November 19, 2008
» Infonic completes software deal with Russian oil major
Wednesday, November 19, 2008
» ServicePower signs string of new contracts with US companies
Wednesday, November 19, 2008
» Dawson International agrees possible sale of Todd & Duncan business
Wednesday, November 19, 2008
» Rheochem’s Zeus Petroleum business wins North Sea license
Wednesday, November 19, 2008
» Armour Group shows its mettle in tough markets
Wednesday, November 19, 2008
» Cubus Lux confident on future projects despite flat interim figures
Wednesday, November 19, 2008
» See all News
Features
» Hunting for oil: GETECH Group plc
Friday, November 14, 2008
» Mobile marketing: HipCricket Inc
Friday, November 07, 2008
» Market maker: GoIndustry-Dovebid plc
Friday, October 31, 2008
» Breathe easy: Verona Pharma plc
Friday, October 24, 2008
» Well connected: Nexus Management plc
Friday, October 17, 2008
» Fine form: Formjet plc
Friday, October 10, 2008
» Interview with Jim Hannon, Hannon Westwood
Friday, October 03, 2008
» Interview with Tim Feather, Hanson Westhouse
Thursday, September 25, 2008
» Interview with Mark Fahy, London Stock Exchange
Tuesday, September 16, 2008
» Healthy return: Source BioScience plc
Friday, September 12, 2008
» Business broker: St Helen’s Capital plc
Friday, September 05, 2008
» Shaw thing: NetDimensions Holdings Ltd
Friday, August 29, 2008
» Complete package: Dowgate Capital plc
Friday, August 22, 2008
» American dream: Caza Oil & Gas, Inc.
Friday, August 15, 2008
» IT Security: Symantec Corp. Survey Results
Friday, August 08, 2008
» Media guru: Thomson Intermedia plc
Friday, August 01, 2008
» See all Features
Most Read
» Pangea shakes off market fears with fundraising plans
Thursday, November 20, 2008
» Oxford Catalysts completes “transformational” Velocys deal
Thursday, November 20, 2008
» Amino to acquire set-top box division from Tilgin
Thursday, November 20, 2008
» Range Resources rejects Somali pirate connection
Thursday, November 20, 2008
» Microemissive Displays set to call in administrators
Thursday, November 20, 2008
» Protherics upbeat on figures ahead of coming together with BTG
Thursday, November 20, 2008
» Short term AIMs for software and IT companies and their route through recession
Wednesday, November 19, 2008
» Hunting for oil: GETECH Group plc
Friday, November 14, 2008
» Valiant making progress towards Don fields production
Thursday, November 20, 2008
» Cambridge kicks off gold production at Quintana mine in Colombia
Thursday, November 20, 2008
» Kalahari Minerals pulls out of full merger with Extract Resources
Wednesday, November 19, 2008
» Interview with Tim Feather, Hanson Westhouse
Thursday, September 25, 2008
» Mining Week: 14 November
Friday, November 14, 2008
» ServicePower signs string of new contracts with US companies
Wednesday, November 19, 2008
» So what are you going to do in 2009?
Monday, November 03, 2008
» Oil & Gas Round-Up: 14 November
Sunday, November 16, 2008
Profiles
» Short term AIMs for software and IT companies and their route through recession
Wednesday, November 19, 2008
» An introduction to Bango
Monday, November 10, 2008
» Delivering security when budgets are tight
Thursday, November 06, 2008
» So what are you going to do in 2009?
Monday, November 03, 2008
» Well connected: Nexus Management plc
Sunday, November 02, 2008
» Fine form: Formjet plc
Sunday, November 02, 2008
» Shaw thing: NetDimensions Holdings Ltd
Sunday, November 02, 2008
» Back on track: SciSys plc
Sunday, November 02, 2008
» An introduction to SERVICEPower
Friday, October 31, 2008
» Desktops in a virtual world
Friday, October 31, 2008
» PR strategies for technology companies
Friday, October 31, 2008
» AIM - the opportunities for IT and software companies
Friday, October 31, 2008
» The challenge for companies in the IT industry
Thursday, October 30, 2008
|