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Altura Announces Fourth Quarter and Year End 2020 Results and Reserves


Altura Announces Fourth Quarter and Year End 2020 Results and Reserves
April 16, 2021 EnergyNow Media
CALGARY, AB, April 15, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Company”) (TSXV: ATU) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2020 and the independent evaluation of the Company’s oil and natural gas reserves (the “McDaniel Report”), effective December 31, 2020, as prepared by McDaniel and Associates Consultants Ltd. (“McDaniel”). The audited consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the year ended December 31, 2020 are available on SEDAR at www.sedar.com and on Altura’s website at www.alturaenergy.ca. Selected financial and operating information for the fourth quarter and year ended December 31, 2020 appear below and should be read in conjunction with the related financial s ....

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Alvopetro Announces 21% Increase in 2P Reserves


Alvopetro Announces 21% Increase in 2P Reserves
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CALGARY, AB, March 9, 2021 /CNW/ - Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces our reserves as at December 31, 2020 with total proved plus probable ( 2P ) reserves of 9.6 MMboe and a before tax value discounted at 10% of US$195.2 million, changes of 21% and (2%) respectively from our previous years reporting. The reserves data set forth herein is based on an independent reserve assessment and evaluation prepared by GLJ Ltd. ( GLJ ) dated March 8, 2021 with an effective date of December 31, 2020 (the GLJ Report ).
December 31, 2020 Reserve Report Highlights
Proved reserves ( 1P ) and 2P reserves increased to 5.1 mmboe (+4%) and 9.6 mmboe (+21%) respectively, primarily due to the addition of development locations at our Gomo development. ....

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Touchstone Announces 2020 Year-End Reserves and Provides Operational Update


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CALGARY, AB, March 5, 2021 /CNW/ - Touchstone Exploration Inc. ( Touchstone , we , our , us or the Company ) (TSX: TXP), (LSE: TXP)  announces a summary of its 2020 year-end reserves and provides an operational update.
Our independent reserves evaluation was prepared by GLJ Ltd. ( GLJ ) with an effective date of December 31, 2020 (the Reserves Report ). Highlights of our total proved ( 1P ), total proved plus probable ( 2P ) and total proved plus probable plus possible ( 3P ) reserves from the Reserves Report are provided below. All finding and development ( F&D ) costs below include changes in future development capital ( FDC ). Unless otherwise stated, all financial amounts referenced herein are stated in United States dollars. Financial information contained herein is based on the Company s unaudited results for the year ended December 31, 2020 and is subject to change. Readers are further cautioned to read the applicab ....

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