Ann: Bauer-12 success with 2P Reserves Addition , page-17

re: Ann: BPT: Bauer-12 success with 2P Reserv... A rather expensive version of join the dots Barney ;-), but VERY profitable.

After re-reading my post (after some sleep), I should clarify that that the Basham 3.5mmbo OIP, is separate to the prospective resource (the yellow shaded area), so couple that with Arno, and the fact that Bash's P90 (the dark green area) could be double the P50, or 7mmbo OIP, Arno has a P90 of somewhere around 600k mbo (but the high side case before drilling was 2mmbo, so more drilling and testing required).

So there could be as much as 15mmbo + 7mmbo + 600mbo = 22.6mmbo OIP. The average recovery rate for fields in the Cooper is 20% (although this have been imrpoving dramatically in the last couple of years, hence why STO/BPT/SXY/DLS have been drilling so many appraisal wells), so a gross recoverable amount of 4.52mmbo, with a net 2.7mmbo to DLS, or almost another year at current production. Of course, the above numbers are in no way proven, however, with the appraisal wells of Bauer getting closer to the northern 'extent' of the field, we cannot be too far off the BPT/DLS investigating these resources further.