SUMMARY ? The two shallower Zones (X and Y) have combined Best Estimate (100% basis) ? Discovered gross in-place volumes of 1,314.1 billion cubic feet of gas (“BCF”) and 1,633.1 million barrels of oil (“MMbo”) ? Unrisked gross recoverable volumes of 494.7 BCF of gas and 83.3 MMbo. ? The four deeper Zones (Z, 180-200, 200-300, 300-400) have combined Best Estimate (100% basis) ? Undiscovered gross in-place volumes of 12,644 BCF (12.6 trillion cubic feet) of gas and 11,592.3 MMbo. ? Unrisked gross recoverable volumes of 934.8 BCF of gas and 140.4 MMbo
Looks good and we have another million shares added for sale over 40c... I think we can safely say thatCambay is de-risked!
OEX Price at posting:
22.4¢ Sentiment: Hold Disclosure: Held