The stable, long life properties, which are located in mature oil fields with substantial infill drilling locations and reactivation inventory, are operated by the company with an average WI of about 99.6% and an average NRI of about 81.7%.
According to the company, the conventional oil properties are predominately HBP. Their current net production is said to be 606 BOEPD (99% oil) from 237 producing wells.
Peak production from total proved reserves is expected to reach 1,480 BOEPD net in December 2016. With a PV-10 value of $145.5m, total net proved reserves are 8.3 million barrels of oil equivalent (BOE).
About 36% of the reserves are proved developed producing (PDP).
