Resource Auditing and Valuation

This aspect of our business covers resource assessments for all types of hydrocarbon properties including exploration development and production licenses. We have extensive experience of carrying out this work for conventional oil, non-associated gas, gas condensate, heavy oil, and shale gas resources.

We have carried out this work in accordance with these standards set by these bodies:

  • The Petroleum Resources Management System (PRMS)
  • The Securities and Exchange Commission
  • The London Stock Exchange
  • The Alternative Investment Market
  • The Johannesburg Stock Exchange.

We have assessed all types of resources:

  • Reserves
  • Contingent Resources
  • Prospective Resources

Importantly our reports are developed on an “Independent” basis. As a small consultancy we have no commercial links to Oil Companies and Service companies that might influence our Opinion of a particular asset.

Our reports have been used to assist our Clients in these operations and transactions:

  • Verification of internal resource estimates
  • Stock Exchange vending processes
  • Reserve Base Lending
  • Equity backed commercial loans
  • Acquisitions
  • Divestments

We have extensive experience in preparing these products:

  • Competent Person Reports
  • Resource Determination Reports
  • Independent Resource Opinions
  • Resource Audit Reports
  • Resource Certification Reports
  • Resource Valuation Reports
  • Unitisation Reports
  • Reserves Based Expert Witness Reports

For Oil And Gas Cost Estimating:

For Oil And Gas Data:

Call Us

+44 1276 548431


Bayphase Limited
2 Princess Way
GU15 3SP
United Kingdom

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