+1 868 612 0067 info@trinioil.com

Reserves and Production

Reserves, Resources and Production

Trinity has an extensive portfolio of reserves and resources totalling 50.61 mmstb. These underpin full cycle opportunities production growth, development and exploration. H1 2021 Group production averaged 3,032 bopd.

Unaudited 2020 2P Reserves

Asset
Net Oil Production
31 December 2019
mmstb
Production (*)
mmstb
Revisions
mmstb
31 December 2020
mmstb
Onshore 7.43 (0.66) (1.34) 5.44
East Coast 11.27 (0.44) (0.83) 11.66
West Coast 2.24 (0.09) (0.30) 2.45
Total 20.94 (1.18) 0.21 19.55

Note: Trinity now has a 100% WI over the entire Block and can therefore recognise 100% of the reserves and resources across the entire Galeota Licence. As a consequence, management’s estimate of the Group’s Net 2C contingent resources are now 31.06 mmbbls (previously 23.25 mmbbls). Management’s estimate of the Group’s Net 2P reserves (as at the end of 2020) remains 19.55 mmbbls and so the Group’s overall Net 2P plus 2C volumes are therefore 50.61 mmbbls (previously 42.80 mmbbls).

 

Management’s Estimate of 2C Resources as at 31 December 2020

Asset
Net Oil Production
31 December 2019
mmstb
Revisions
mmstb
31 December 2020
mmstb
Onshore 1.85 2.16 4.01
East Coast 17.28 6.47* 23.75
West Coast 1.00 2.30 3.30
Total 20.13 10.93 31.06

 

Note (*): YE 2020 previously reported was (1.34) in revisions thus.