Report For Offshore Montenegro Blocks: 1.8 Tcf Of Gas, 144 MMbbl Of Liquids

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A report by Netherland Sewell & Associates for Energean Oil & Gas indicates that the combined net, unrisked prospective recoverable resources (P50) for two offshore Montenegro blocks contain 1.8 Tcf of gas and 144 MMbbl of liquids. Energean is currently the sole operator of the Adriatic Sea blocks 4218-30 and 4219-26, with 100% working interest. The blocks cover a surface area of 338 sq km in shallow waters. Energean Oil & Gas is based in London.