Taken from the 7th of May 2008 ASX release
The Silverthread Project has estimated potential P50 recoverable resources of approximately 7 million barrels of oil and over 15 billion cubic feet of gas on the 600 acre position acquired. At today’s oil and gas prices, Solimar Energy’s estimated net revenue interest is valued at around
A$125 million in the success case.
reserve size, page-4
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