Public Reports

Public Reports

A core part of our service offering to clients is asset evaluations; either through the provision of Competent Person’s Reports, Independent Reports, Independent Expert Advice or transactions related advice. RISC has extensive experience delivering these types of reports to Australian and International Entities. Our reports are relied on by clients, banks, shareholders and investors. Below is a condensed list of RISC’s most recent and notable Public Reports.

To view our industry presentations, view our publications page.

Prospective Resources Report of independent Qualified evaluator for Block 3B/4B, South Africa – Africa oil Corp

RISC was engaged by Africa Oil Corp to review the prospective resources and probability of geological success of 24 exploration prospects contained within Block 3B/4B in accordance with the Society of Petroleum Engineers’ internationally recognised Petroleum Resources Management System 2018 (SPE-PRMS).

To view RISC’s CPR please click here, or to view the company’s update please click here.

For more information on our report please contact us.

Independent Technical Specialist Report – On certain assets of Jupiter Energy Ltd

RISC was engaged by Jupiter Energy Ltd to prepare an Independent Technical Specialist Report on the assets of Jupiter for BDO Corporate Finance (WA) Ltd on behalf of Jupiter Energy Ltd. RISC provided an independent opinion on the reserves and resources of the assets of Jupiter including production and operating costs and other technical assumptions relevant to the assets.

To view RISC’s ITSR please click here, or to view the full Independent Expert’s Report in the company’s Notice of Annual General Meeting please click here. RISC’s report begins on page 147.

For more information on our report please contact us.

Independent Technical Specialist Report  – On assets of Telmen Energy Ltd and Tamaska Oil & Gas Ltd

RISC was engaged by Tamaska Oil & Gas Ltd to prepare an Independent Technical Specialist Report on assets for BDO Corporate Finance (WA) Ltd on behalf of Tamaska Oil & Gas Ltd. This includes Tamaska’s interest in the Nepoleon exploration prospect, Carnarvon Basin, Australia and Telen’s Gurvantes production sharing agreement (‘PSA’) in Mongolia.

To view RISC’s ITSR please click here, or to view the full Independent Expert’s Reports on the Company’s proposed Acquisition please click here. RISC’s report begins on page 123.

For more information on our report please contact us.

High Grade Metal Limited – Independent Technical Specialist Report on the coal seam gas exploration projects of Jade Gas Pty Ltd

RISC was engaged by High Grade Metals Limited to prepare an Independent Technical Specialist’s Report in relation to the Mongolian coal seam gas exploration projects of Jade Gas Pty Ltd. RISC’s report formed part of the prospectus for the purposes of re-compliance with Chapters 1 and 2 of the ASX Listing Rules and relisting of High Grade Metals Limited to be renamed Jade Gas Holding Limited.

To view RISC’s ITSR please click here, or to view our report in the full prospectus document please click here. RISC’s report begins on page 76.

For more information on our report please contact us.

Big Data: What is a significant sample size?, World Oil article 2021

Gavin Ward, RISC’S London Office General Manager, has published a technical article in the World Oil Magazine January 2022 edition. Gavin poses thoughts as to why humans get forecasting so wrong and so frequently, and don’t learn from our mistakes.

To view Gavin’s full World Oil article please click here.

Fore more information please contact us.

Advance Energy plc and Strand Hanson Ltd – Competent Person’s Report on the Buffalo Development

RISC was commissioned by Advance Energy plc (Advance) to provide a Competent Persons Report on the Buffalo re-development to support an AIM admission. This included an independent subsurface, development and project economics evaluation. The work has been completed in consultation with Strand Hanson who are acting as nominated advisor in connection with the AIM admission to raise GBP 22 million.

To view RISC’s CPR please click here, or to view our report in the full Admission Document from Advance Energy please click here. RISC’s report begins on page 60.

For more information on our report please contact us.

CCUS outlook ‘bright and busy’, but regulatory models needed – Energy Voice article 2022

Gavin Ward, director and UK general manager at RISC has had his response written into an article in the Energy Voice Today regarding the outlook for UK CCUS industry today. He states that CCUS outlook is ”bright and busy” and goes on to talk about technical innovation action, and making sure that we apply the best technology when the business model in the UK is known.

To view Gavin’s full Energy Voice article please click here.

Fore more information please contact us.

XCD Energy – Independent Technical Specialist Report on the assets of XCD Energy

RISC was engaged by XCD Energy’s Independent Expert BDO Corporate Finance (WA) Pty Ltd (BDO) to provide an Independent Technical Specialist report on the petroleum assets of XCD Energy in the North Slope of Alaska. XCD refer to the assets as Project Peregrine. RISC’s ITSR was provided to support the IER, which includes an assessment of the market value of Project Peregrine. In particular, our report provided an independent opinion on the value that Project Peregrine would change hands for as at the date of the report in an open and unrestricted market between a willing buyer and a willing seller in an ‘arm’s length’ transaction.

To view RISC’s Independent Technical Specialist report please click here, or to view our report in the Target Statement from XCD Energy, please click here.

For more information on our report please contact us.

 Petrel Energy Limited – Independent Technical Specialist Report on the assets of Warrego Energy

Petrel Energy Limited (Petrel) appointed RISC to provide an Independent Technical Specialist’s Report on the petroleum assets of Warrego Energy Limited (Warrego) pursuant to the proposed merger with Warrego Energy via a reverse takeover. The report documents RISC’s review of the prospective resources and associated work programme plans of Exploration Permit EP 469 (Western Australia). Both parties have since announced the reverse takeover has been successful, with Petrel acquiring all the shares of Warrego, including the North Perth Basin Exploration Permit 469.

For more information please contact us, or to view the full report on page 21 of the ASX release please click here.

Ophir Energy Plc – Competent Person’s Report

RISC recently completed a project for Ophir Energy PLC (Ophir) to provide a Competent Person’s Report (CPR) on Santos Limited’s (Santos) Asian assets, compliant with the requirements of a Class 1 transaction under the Listing Rules of the London Stock Exchange, for inclusion in a circular.

RISC’s CPR successfully assisted Ophir to obtain approval from Shareholders for the proposed acquisition of Santos’ South East Asian asset package.Santos announced on May 3 the sale of its non-core Asian portfolio to Ophir Energy for US$221 million.

For more information on our report please contact us, or to view the full report and circular document please click here.

 AWE Limited – Independent Technical Specialist Report on petroleum assets AWE Limited

RISC was engaged by AWE’s Independent Expert Grant Thornton Corporate Finance to provide an Independent Technical Specialist reports on the Petroleum assets of AWE Limited (AWE) in response to the proposed takeover bid by Mitsui E&P Australia Pty Ltd. (Mitsui). The technical report documents RISC ‘s review of the petroleum reserves, resources and associated development schedules, production and cost forecasts.

The takeover was successful, with Mitsui acquiring AWE for a total of A$580 million.

To view RISC’s ITSR Report please click here.

 Sino Gas & Energy Holdings (SGEH) Limited – Independent Technical Specialist Report on the Petroleum Assets of SGEH Limited

RISC was engaged by SGEH’s Independent Expert Grant Thornton Corporate Finance to provide an Independent Technical Specialist reports on the Petroleum assets of SGEH in response to the proposed Lone Star takeover bid.  The technical report documents RISC’s review of the petroleum reserves, resources and associated Overall Development Plan (ODP), development schedules, production data, production and cost forecasts.

The takeover was supported by Sino’s shareholders and the transaction was deemed successful, with Lone Star completing its proposed cash takeover offer for a total of A$530 million.

To view RISC’s ITSR, please click here.

Premier Oil Plc – Competent Person’s Report on North Sea Assets

RISC was engaged by Premier Oil to perform due diligence and write a Competent Person’s Report (CPR) on the valuation of reserves and assessment of resources for the UK North Sea assets of German power and gas company E.ON E & P UK Limited. The CPR included the evaluation of seven producing fields for reserves and fields which have ceased production,  two fields for undeveloped contingent resources, eleven discoveries and key exploration prospects and two processing terminals and pipeline gathering systems.

To view the full CPR please click here.

Venture Production – Competent Person’s Report for Venture Production in defence of aggressive takeover by Centrica plc

RISC was engaged by Venture Production to act as the Independent Valuer of Venture’s upstream petroleum assets. RISC’s Competent Persons Report formed part of the shareholder circular created in defence of the aggressive takeover offer by Centrica plc. Our evaluation reviewed over 80% of Venture’s assets(on a 2P reserves basis) predominantly located in the UK and Dutch sectors of the North Sea.

To view the full CPR in Venture’s Shareholder Circular, please click here.

For a full list of Public Reports previously completed by RISC, please contact us.