"In light of the fantastic RPS result, with the large area and lower formations still to be discovered, it is reasonable to conclude that the original indicated target will be exceeded by a substantial margin."
So what was orginal target
"The prospect is well defined by 2D seismic data in association with nearby well data that provides evidence of an active petroleum system, with both source and reservoir units. The Golden Eagle Prospect is assessed to have a moderate 19.5% probability of success with a mid-case (P50) target size of 440 Bcfe (billion cubic feet gas equivalent), and has potential for up to 3 Tcf (1 trillion = 1 thousand billion cubic feet) of recoverable gas equivalent (Tcfe), if hydrocarbons are present."
Where are we at present with latest update
P90 up 85% from 9.0 Bcf to 16.7 Bcf P50 up 91% from 31.5 Bcf to 60.4 Bcf P10 up 109% from 101.0 Bcf to 212.0 Bcf
So fair to say if we get the chance to further develop the field there will stiil be massive resource upgrades from here. Here's hoping B Rubes
GDN Price at posting:
7.2¢ Sentiment: LT Buy Disclosure: Held
