OIL

Molopo rewarded with reserves growth

DRILLING success at Molopo Energy's Spearfish oil play in Canada has led to a 36% increase in the company's Canadian proved and probable oil reserves.

Marija Stojkovic

A reserves evaluation report carried out by GLJ Petroleum Consultants found Molopo's 2P reserves as at October 31 stood at 12.5 million barrels, up 36% from 9.2MMbbl at June 30. Proved (1P) reserves...

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