gridder, My reference is to Oil reserves alone, if one were to...

gridder,

My reference is to Oil reserves alone, if one were to use RISC's or CNE's estimate till SNE-1.

That 2C estimate is due for an overhaul as all 4 drilled wells have reported gross oil column of 100, 103, 96, 101 metres. Noticed the green polygon on Cairn's latest update is now appx 189 kms with further remapping to commence from the acquired VSP from each well & the recent 3Dseis data acq.

It gets tricky with some of the ASX listed explorers as some comingle their oil+cond as a Single figure (eg OSH) & some different dates as Cut-off period(June or Dec end).

My findings are listed as under :

1) WPL: 2P oil - 42.6 mmbbls, 2C: 106.5 mmbbls (condensate 2P-2C: 133.5 & 106.5 mmbbls)

2) STO: 2P oil - 42 mmbbls, 2C: 118 mmbbls (condensate 2P-2C: 42 & 69 mmbbls)

3) OSH: 2P O&C - 87.2 mmbbls, 2C: 57.1 mmbbls

4) ORG: 2P oil: 2.63 mmbbls, 2C: n/a (cond 2P-13 mmbbls)

5) BPT: 2P oil - 19.4 mmbbls, 2C: 12.9 mmbbls (doesnt incl wet gas)

6) DLS: 2P oil - 9.8 mmbbls, 2C: 15.9 mmbbls ((doesnt incl wet gas)

7) SXY: 2P oil: 11,3 mmbbls, 2C: n/a (cond n/a)


8) AWE: 2P oil: 27.7 mmbbl, 2C: 10.8 (cond 2P-2C: 24.7 & 16.3 mmbbls)

That's the scoreboard so far.

HZN are also there in the mix with known 2P & 2C estimates, as are KAR with 2C-84 mmbbls, CVN and TAP.  

These figures are all there in the Annual reports & ASX updates should one wish to dig deep.

Key difference is the cut-off dates used by individual operators (June end or Dec end) & I haven't really bothered subtracting the Oil Production to compensate for the 6 month difference.