In terms of Yakal and Tindalo oil reserves ISIS Petroleum Consultants Pty Ltd (Isis).Isis estimated the field size, reservoir quality and volumetrics and confirmed that the in-place probabilistic resource volumes (STOIIP) as:
Tindalo P90 P50 P10 Mean STOIIP(MMbbl) 5.0 11.0 24.5 13.4
Yakal P90 P50 P10 Mean STOIIP(MMbbl) 2.4 5.1 10.7 6.0
Please find this information on page 16 of their 2008 annual report:
In terms of Galoc, I think you may be correct from re-reading some of the sections of the annual report. In this case oil will run out 2012 unless they prove up more discoveries. This increases the risk of this company being successful.
The model still works on the premise that new oil is found or proven up. If not then this company runs dry 2012/2013.
I was under the mistaken belief that you could only publish your ownership of reserves.
Thank you Opt, Par15
NDO Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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