Tap Oil reports that an independent reserves study by Netherland, Sewell & Associates (NSAI) on the Manora oil field in Thailand has been completed. NSAI estimates 15.0m bbl of 1P reserves, 18.8m bbl of 2P reserves and 22.9m bbl of 3P reserves as of 31 May 2015, which is “in line with Tap’s estimates”. “Under the Borrowing Base Debt Facility, an independent report on Manora reserves estimates is required by Tap’s banks following completion of construction of the Manora oil develanora update opment and commencement of production and sales,” Tap said.
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