Molopo Energy Upgrades Queensland Acreage Reserves

Molopo Energy has upgraded its major reserves for its Queensland, Australia, acreage held under ATPs 564P and 602P.

These permits include the Mungi, Harcourt, Harcourt North, Lilyvale and Timmy fields.

The review, conducted by MHA Petroleum Consultants under the Reserves Certification standards, estimated there were reserves of 328 billion cubic feet at 2P and 789 billion cubic feet at 3P net.

An additional total contingent resource recoverable volume of 568 billion cubic feet has been estimated, giving a total recovery potential of 1,357 billion cubic feet.

The upgrade to the ATP 564P volumes will also be used to support existing and new petroleum lease applications over the Harcourt and Lilyvale areas.