Essar Energy, the FTSE 100 India-focused integrated energy company, has reported total proven and probable reserves at the Raniganj coal bed methane exploration block of 113bn cubic feet (bcf) gross, or 18.8m barrels of oil equivalent (mmboe).
Best estimate contingent resources are now 445 bcf gross, or 74.1mmboe, compared with the previous evaluation, carried out in December 2009, which showed 201bcf gross, or 34mmboe.
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