Reserves and Resources

Information on Reserves and Resources

TRINIDAD

RESERVES

Net Attributable Range (MMstb)

RESOURCES

Net Attributable Range (MMstb)

1P

2P

3P

1C

2C

3C

10.0

16.0

22.9

4.9

8.0

15.4 

  1. The summary of reserves and resources was verified by independent CPR prepared by Rockflow Resources Ltd (“Rockflow”). The effective date for the evaluation is 30 June 2017.
  2. It was completed with respect to the Company’s three existing assets in Trinidad - Beach Marcelle, Morne Diablo and South Quarry.
  3. Range holds 100% interest in Beach Marcelle, Morne Diablo and South Quarry assets.

INDONESIA

 

RESOURCES

Current Net Attributable to Range (MMstb)

 

1C

2C

3C

Associated Gas (Bscf)

1.7

10.9

41.1

Oil (MMstb)

0.9

3.1

18.4

 

 Future Net Attributable to Range (MMstb)

 

1C

2C

3C

Associated Gas (Bscf)

3.2

20.0

75.0

Oil (MMstb)

1.6

5.6

33.6 

  1. The CPR with respect to the Company’s interests in the Perlak field in Indonesia was prepared by LEAP Energy Partners Sdn. Bhd, (“LEAP”). The effective date for the evaluation is 1 August 2017.
  2. Range’s indirect interest in the Perlak field is held through its 60% shareholding in Hengtai, which holds a 78% interest in Lukar which in turn holds a 49% interest in SPC.
  3. ‘Current Net Resources’ relate to Range’s 23% (indirect) stake.
  4. ‘Future Net Resources’ relate to 42% (indirect) stake, once the minimum work programme is completed at the end of the 3-year period.

Competent Person's Reports (CPR)