We updated an earlier completed Competent Person Report for all of this company’s upstream oil and gas assets, which are located in Egypt and Morocco. The update was designed to include a valuation of reserves. The Report was developed to PRMS standard and in accordance with the AIM Guidance Note for Mining, Oil and Gas Companies published in June 2009. The report update assessed the value of the assets using a discounted cash flow assessment. The report was also used as part of the Client’s process to obtain bank finance for its future operations and expansion plans. For further information please follow this Link.
