LNG Energy Group Announces Venezuelan Reserves Valuation

LNG Energy Group (TSE:LNGE) has released an update.

LNG Energy Group has released an interim reserves evaluation of its assets in Venezuela, revealing a before-tax net present value of $393 million for its proved plus probable reserves. This evaluation highlights the company’s significant potential in the Latin American oil and gas industry, with assets spanning over 422,797 acres and a mix of light and medium crude oil and natural gas.

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