Annual Statement of reserves
(Thomson Reuters ONE) -
Stavanger, 29 February 2012: Norwegian Energy Company ASA (Noreco) today
publishes its Annual Statement of Reserves. Total proven and probable (2P) oil
and gas reserves at the end of 2011 were 22.9 million barrels of oil equivalents
(mmboe), down from 45.8 mmboe the year before.
The main reason for the reduction was the sale of the company's interests in the
fields Brage, South Arne and Siri. The company's net production for the year
from the remaining portfolio was 1.7 mmboe.
The complete statement is enclosed in PDF format.
For further information, please contact:
Kjetil Bakken, VP Investor Relations (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Annual Statement of Reserves 2011:
http://hugin.info/138447/R/1589709/499273.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NORECO via Thomson Reuters ONE
[HUG#1589709]
Unternehmensinformation / Kurzprofil:
Datum: 29.02.2012 - 07:05 Uhr
Sprache: Deutsch
News-ID 119768
Anzahl Zeichen: 1497
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Annual Statement of reserves"
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