DRILLING

Arrow jacks up 2P reserves by 50%

ARROW Energy's ongoing campaign to convert its coal seam gas resources into reserves continues to bear fruit with the company reporting a 50.3% increase in proved and probable (2P) reserves to 6150 petajoules.

The reserves upgrade by independent consultants Netherland, Sewell and Associates also sent proved, probable and possible (3P) reserves up by 18.6% to 11,042PJ. Arrow said the upgrade was a direct result...

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