Calvalley Downgrades Yemen Reserves
Canada’s Calvalley Petroleum has lowered the reserves figure at its Block 9 license in Yemen’s Sayun-Masila basin for 2012, the Yemen-focused company has said. This announcement comes on the back of an independent evaluation of the reserves attributable to Calvalley’s 42.5% operating stake in the block, prepared by Calgary-based McDaniel and Associates Consultants.
Proved reserves in...