I have generated estimates of the potential value of Mukuyu by...

I have generated estimates of the potential value of Mukuyu by creating a new spreadsheet, which is based on the spreadsheet image Petere posted last week. Thank you Petere, I hope you don't mind? I have also created a separate sheet to determine the value of Helium within the gas, which will be posted separately. As usual, the estimates are approximate owing to a lack of field data.

The following example valuation was based on the Mean Prospective Resources estimate I posted a few days ago, therefore, as it is a Mean value it takes into account the potentially very large gas volumes expected for the High Case. (The High Case assumes gas is found down to 4500m MD).

The approx.. Mean PR volume (42 Tscf) has been subdivided into 36 Tscf gas and 1 bn stb light oil (50m net pay thickness). Severals reports issued by Invictus Energy have mentioned the possibility of finding light oil/volatile oil in some of the upper layers within the Upper Angwa.

If you should spot any errors or disagree with anything in the image below, please let me know.

Kind regards,