Resource Evaluation and Field Development Plan - Equity/Debt Financing

We acted as an independent Consultant during the Client’s development of financing solutions to fund future operations. During the execution of the work we performed a number of services:

• Developed a resource statement to PRMS standard for discovered fields, untested contingent resources, and prospective resource in the Client’s license area.
• Devised appraisal program to fully test discovered fields.
• On completion of appraisal program revised the PRMS resource statement to upgrade 1P,2P and 3P Reserves
• Prepared Field Development Plans to western investment standards for various stages of development of the project:
  • Long Term Well Test
  • Early Production
  • Full Field Development
• Developed cost estimates for future development and operation of the Field using our NEtco$ter cost estimating software.

  We assisted the Client in marketing the project to a number of potential farminees and loan providers.