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Ann: Barikewa 2D Seismic Survey Commences in PNG , page-4

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    re: Ann: Barikewa 2D Seismic Survey Commences... Come on LoveCEE your stealing my thunder.Yes according to Wood Mackenzie, Barikewa has less than .6TCF of gas.
    Some of their other stats are quite interesting however.
    1+ tcf approx equal 1 mmtpa lng for 20 years
    1+ tcf approx equal to 15,00 b/d GTL fro 20 years
    1 tcf approx equal to 1.5 mmtpa methonal for 20 years (1mmtpa DME).
    So we managed to give a S#@t load of Artemis away ( on the above figures), and were going to give even more s#@t loads of Caterina away.
    We threw 30 mill on jeruk ( actually it was the word interpreted) with 15 % ownership before selldown.
    Today we could for the same amount of money probably drill 2 wells on a 100 % of Caterina.
    Realising PNG assets (?)is a long way off, focus should be on the present ( for all shareholders benefit)on prospects such as Caterina.
 
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