CapAllianz reported updated reserves and operations for its 20% working interest in onshore oil concessions in Thailand’s Phetchabun Basin, based on an independent assessment by Chapman Hydrogen and Petroleum Engineering. Net 2P oil reserves attributable to the group were 2.2 million barrels, while net 2P gas reserves were 62 thousand barrels of oil equivalent. Net 2P gas reserves were down 33% versus the previous update. The joint operators proposed a workover campaign on three existing producing wells to maintain and enhance oil production. The reserves statement cited a pre-tax discounted cumulative cash flow $(BIT)$ of USD 47.13 million at a 10% annual discount rate.

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