Key Highlights of D3 Energy’s Production Right Application
- Application Accepted: The formal Production Right application for a portion of the ER315 permit has been accepted for processing by South Africa’s regulator, Petroleum Agency SA.
- Ahead of Schedule: The application was submitted approximately 12 months ahead of schedule and under budget.
- Backed by Reserves: The submission follows the maiden reserve certification by Sproule ERCE, which confirmed net 2P reserves of 10.91 bcf methane and 0.706 bcf helium in the application area.
- Limited Scope: The application area covers only 15% of the ER315 permit and 9% of D3 Energy’s total acreage portfolio.
D3 Energy is pleased to announce that its formal Production Right application for a portion of its ER315 permit has been accepted for processing. The application, which covers a project in South Africa’s Free State Province, was formally lodged with the regulator, Petroleum Agency SA.
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