Exploration outfit New World Oil and Gas has today announced a revision to its volumetric and estimated monetary value estimates for two of its prospects at the Blue Creek Project in Belize.
According to the data contained in an update to the Competent Person's Report ('CPR') from RPS Energy ('RPS') prospects A and B Crest are now estimated to have an estimated monetary value of $1.17bn. That along with combined gross P50 (50% probability) volumetrics of 215MMbbl.
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