Hydrocarbon Dynamics Ltd (PK) (PYMOF) Cours

Indago Energy is an oil and gas company based in Houston, Texas with corporate offices in Melbourne, Australia. Indago holds a 100% WI and 81.25% NRI in 4,049 acres located in Kay County, Oklahoma near Ponca City targeting the Mississippi Lime formation. The leases were largely acquired during 2015 ... Indago Energy is an oil and gas company based in Houston, Texas with corporate offices in Melbourne, Australia. Indago holds a 100% WI and 81.25% NRI in 4,049 acres located in Kay County, Oklahoma near Ponca City targeting the Mississippi Lime formation. The leases were largely acquired during 2015 with a three year primary term and two year bonus term. . Oil and gas leases held by Indago are contiguous with an additional 4,936 acres held by Empire Energy Group (ASX:EEG). Under a Joint Operating Agreement, the two companies have agreed to the further development of the combined acreage (8,985 acres) on a 50/50 basis. EEG is the project Operator. On 27 November 2015, Indago reported an updated Independent Reserve Report for the Project. The Reserve estimates for 2P (Probable) Reserves are for 101 wells are as follows: Oil (MBBL) 2,500, Natural Gas (MMCF) 15,967, Oil Equivalent (MBOE)** 5,118. 3P (Possible) Reserves and Contingent Resources have not been estimated. The Reserves were reviewed by Keith Drennen and J.P. Dick of Pinnacle Energy Services LLC (Pinnacle), Registered Engineers in the state of Oklahoma in accordance with the Society of Petroleum Engineers, 2007 Petroleum Resources Management System. Show more