Statesman Releases Report on Prospective Resources in Block 14, Sudan; Shares Rise 38%

By Staff,

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Statesman Resources Ltd. (SRR.V) announced the results of the Competent Persons Report produced by independent consultants Senergy ( GB ) Limited. The report concluded there is potential in Block 14, Sudan for a portfolio of prospects that could have a gross unrisked total prospective resource of 1.5 billion barrels.

This prospective resource is based on 30 potential traps containing a best estimate of 50 million barrels each. The report notes that drilling activity is increasing in the region.

SRR shares rose 11 cents to $0.40.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: GB

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