FAR 1.08% 47.0¢ far limited

It is mind blowing OOO, 30 times bigger if your taking the 350...

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    It is mind blowing OOO, 30 times bigger if your taking the 350 SQ KM figure which going off the reserved nature of the current reporting from CNE is highly likely to be increased.
    Its also highly likely we will blow the 1BB mark out of the water, literally.

    "Chinguetti was discovered in 2001. Geologically, Chinguetti is a faulted anticlinal structure with an area of around 12km² and a diameter of 4.5km. It is dominated by a major east-west trending normal fault with a maximum throw in excess of 250m at the crest. The Miocene submarine fan / channel reservoirs are is located 1,300m to 1,900m below the seafloor. The development consists of three main gas discoveries, at Chinguetti, Tiof and Banda.

    Estimated recoverable oil reserves were originally put at 120m bbl (19m m³) but in November 2006 Woodside issued a statement cutting the field’s Proven and Probable (2P) reserves to 53m bbl. At the end of 2007, 2P reserves were put at 34m bbl."
    Last edited by El Jefe: 30/03/16
 
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