paloma deep discovery, page-12

A comment I read suggested recoverable reserves of 10-30mmbbl, and using an NPV of $10pbbl, that would equate to a value of $0.15-0.50cps for NEN'S 75% interest, before royalties. However, the well does appear to have low permeability, therefore, the future flow-testing programme will be crucial. The shale zones, particularly the Lower Antelope, look to be "brittle", making them a prime candidate for fraccing. All ion all, the guy was highly encouraged.