Production
We have no production data for this company yet
Reserves
Miller and Lents, Ltd, International Oil and Gas Consultants, has prepared the Competent Person's Report for the purpose of London Stock Exchange AIM listing. CPR report was prepared in accordance with the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in March 2006 (Guidance). The reserves were evaluated using the standards established by the Society of Petroleum Engineers Inc. and the World Petroleum Congresses.
Miller & Lents evaluated two of Timan's fields located in the Timan-Pechora Basin of the Komi Republic of Russia:
• Nizhnechutinskoye Field – MMbbls 191,300 (2P)
• Khudayelskoye Field – MMbbls 147,600 (contingent resources)
Miller & Lents also reviewed prospective resource leads on licenses located in the Russian sector of the Caspian Sea offshore from Dagestan, and calculated the estimate of 500MMbbls of potential resources undiscounted for risk. Miller and Lents currently accord it a very high risk and suggest that further studies are required.