29th Mar 2012 12:23
29 March 2012
Lochard Energy Group Plc
Re: Ithaca Energy reserves upgrade
Lochard Energy Group Plc ("Lochard" or the "Company") (AIM: LHD, ASX: LHD) notes the announcement made on 29 March 2012 by Ithaca Energy Inc relating to the increased reserves for the Athena project where Proved plus Probable reserves increased approximately 7% from 24.4 mmboe to 26.10 mmboe Gross (2.61 mmboe Net to Zeus) post drilling and completion of the wells on the field. Lochard has a net 10% interest in this field through its 100% ownership of Zeus Petroleum Limited.
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For further information, call:
Lochard Energy Group Plc Haydn Gardner, CEO |
+61 8 9335 8848
|
finnCap Limited Sarah Wharry / Christopher Raggett |
+44 20 7600 1658
|
FTI Consulting Edward Westropp / Alex Beagley |
+44 20 7269 7207 |
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