SERINUS [SEN]

Gadu gadu o Nigerii a tymczasem jest Roczny Formularz Informacyjny, na razie by english

demo.e-pap.pl/espi?plik=dane/2...

The Belait oil and gas field, which lies within Block M, was discovered in the early 1900s and has produced oil and gas on a limited basis with reported cumulative oil production of 32,000 barrels of oil and tested gas rates as high as 15 million cubic feet of gas per day. Numerous wells reported hydrocarbons on test and indications of hydrocarbons through mud logs and log analysis. The initial focus of exploration on Block M by the Company and its partners continues to be the Belait anticline area.

The BP Statistical Review of World Energy 2009 indicates that the Baram Delta petroleum system within Brunei has produced 2.4 billion barrels of oil and 5.9 Tcf of natural gas and has proven reserves of 1.1 billion barrels of oil and 12.4 Tcf of natural gas. In addition, the USGS estimated that oil resources of 1.6 billion barrels and natural gas resources of 11.3 Tcf of natural gas remain to be discovered in Brunei.

Jeśli potwierdzą się szacunki Petrolinvestu, że ze złoża można będzie zuyskać 100 mln baryłek, to uwzględniając obecną cenę ropy, kazachskie złoże może być warte blisko 10 mld zł - wyliczył "Puls Biznesu".
Źródło: wnp.nafta.pl

Brunei Block M
The Company acquired a 36% interest in the Brunei Block M Production Sharing Agreement (“Block M PSA”) effective September 15, 2009.
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The Block M exploration period is 6 years from the date of the Block M PSA, August 27, 2006, and is divided into Phase 1 and Phase 2 which run concurrently. Under the terms of the Brunei Block M PSA, on the last day of Phase 1, the Block M Parties shall either: (a) elect to relinquish 50% of the lands covered by the Brunei Block M PSA (the “Block M Agreement Area”) and enter into Phase 2; or (b) elect to relinquish all of the Block
M Agreement Area. The Block M Parties may seek to retain 50% of the original Block M Agreement Area which they are obliged to relinquish (the “Block M Retention Area”) if, among other things: (a) the Block M Parties have fully satisfied the Block M PSA Phase 1 Obligations and the Block 20 M PSA Phase 1 Expenditure; and (b) the Block M Parties, within six months of electing to retain the Block M Retention Area, attempt to negotiate
a new production sharing agreement with PetroleumBRUNEI with respect to the Block M Parties obligations and activities in the Block M Retention Area. If the Block M Parties cannot agree upon the terms of a new production sharing agreement within six months of the Block M Parties electing to retain the Block M Retention Area: (a) (i) the Block M Parties will lose their interest in the Block M Retention Area; and (ii) the Block M Parties will be obligated to satisfy certain site restoration and abandonment obligations under the Brunei Block M PSA with respect to the Block M Retention Area; and (b) PetroleumBRUNEI will be free to deal with the Block M Retention Area in any way it sees fit. On the last day of Phase 2, the Block M Parties shall relinquish all lands in the Block M Agreement Area not involved in or connected to the development of oil and natural gas. Moreover, the Block M Parties may be subject to further relinquishment obligations upon the occurrence of certain events. On February 9, 2011, the Company and its partners elected to proceed with Phase 2, which requires a minimum work commitment to be completed by August 27, 2012 of: (i) acquiring and processing not less than 80 kilometres of 2D seismic data; and (ii) drilling at least two wells, each to a minimum depth of 1,150 metres. The work commitments for Block M parties require a minimum expenditure of US$7.325 million during Phase 2

Block M
RPS has been retained to prepare an assessment of the prospective resources and contingent resources within Block
M. As of the date of this AIF, the final report has not been received.