Blue Horizon's subsidiary, Mooncor Energy, has released an independent reserve report confirming 47,170 barrels of heavy oil reserves in Alberta. Additionally, the Alberta Energy Regulator has granted Mooncor's request for a regulatory appeal regarding a previous abandonment order, providing a path to seek variances for compliance.
Blue Horizon's subsidiary, Mooncor Energy, has released an independent reserve report confirming 47,170 barrels of heavy oil reserves in Alberta. Additionally, the Alberta Energy Regulator has granted Mooncor's request for a regulatory appeal regarding a previous abandonment order, providing a path to seek variances for compliance.
Tuktu Resources Ltd. announced its 2024 year-end independent oil and gas reserves evaluation, reporting significant increases across all reserve categories. Proved Developed Producing reserves rose 18% to 1,086 Mboe, Total Proved reserves increased 28% to 1,387 Mboe, and Total Proved Plus Probable reserves saw a 204% increase to 4,914 Mboe. These increases were accompanied by substantial growth in Net Present Value, as assessed by Deloitte Canada LLP in accordance with Canadian industry standards.
