BlueNord: 2023 Annual Statement of Reserves and Resources with 135% Replacement Ratio

"I am pleased to announce that during 2023, BlueNord's 2P Reserves have increased due to the successful maturation of the Adda development from Contingent Resources to Justified for Development. The 135% Reserves Replacement achieved in 2023 is an indication of the quality and the richness of the DUC opportunity inventory. With the brand-new Tyra facilities now processing gas, the maturation of projects that will utilise these new state of the art processing facilities is key, and the 2023 result shows that we are on track", said Marianne Eide, Chief Operating Officer.

"I am pleased to announce that during 2023, BlueNord's 2P Reserves have increased due to the successful maturation of the Adda development from Contingent Resources to Justified for Development. The 135% Reserves Replacement achieved in 2023 is an indication of the quality and the richness of the DUC opportunity inventory. With the brand-new Tyra facilities now processing gas, the maturation of projects that will utilise these new state of the art processing facilities is key, and the 2023 result shows that we are on track", said Marianne Eide, Chief Operating Officer.

The Reserves Report is attached and will be made available on the Company's website www.bluenord.com.

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Email: [email protected] 
Phone: +47 915 28 501

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https://news.cision.com/bluenord-asa/r/bluenord--2023-annual-statement-of-reserves-and-resources-with-135--replacement-ratio,c3947086

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