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Sunday, 20 July, 2008, 22:40 GMT | more prices >>

Incremental measures Selmo reserves



By Upstream staff 

Incremental Petroleum said its wholly owned Selmo Oilfield in Turkey, bought shortly after its initial public offering last year, contained proved and probable reserves of 12.04 million barrels.

The Western Australian company said the field had probable and possible reserves of 19.14 million barrels.

It was the first reserve estimate the company has released for the field.

The company said it had produced 132,511 barrels from the field in its third quarter of operation. The company reported revenues of 410 milliion in the quarter.

The company said it planned to re-enter six wells on the field with horizontal completions to try to boost output.


Monday, 17 July, 2006, 21:52 GMT  | last updated: Monday, 17 July, 2006, 21:52 GMT

Flying the flag: Australia's Incremental Petroleum announced reserve estimates for its Selmo field in Turkey.
 

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