magnitude of dorado, page-5

DanP

you can use the water level as found in Roc .......

your thoughts are basically correct ........

we "don't know" if there are separate "fault compartments" betwixt R and D .........

we also don't know how the reservoir will vary between both accumulations ........

from a techo reporting standpoint - they "wont" be able to "book" that type of number - only the "triangle shaped" bit at the top of the structure (ie they know that oil is "down to" a certain depth" .....)

they should however - be able to give a mid and high side case ........(b/c they have the pressure data).......

as Ya has also previously said - they will do a monte sim to come out with the above no's in due course .........

my rough est's are:
Caley
1C - 90-130 mm bbls
2C - 170-240
3C - 350-450mm .....

the Milne wont be very big (imho) - 25-40mm ......

it will take a further 2-3 wells to get a better handle on the overall situation.....

that's why the stock still looks as strong as an Ox (imho) .....

I also rekon mr market is already "factoring-in" the low side case into the current mk cap !

rgds
V_H