An extract from the corporate overview page 22 - Finders Exploration March 2015.
"Phoenix South-1 oil discovery de-risks Roc • Apache and JX commit to drill – Q4 2015 • one and a half times the size of the Phoenix South structure - 680 mmbbl highside OOIP • reservoir model & shallower target depth suggests even better sands compared with Phoenix South-1 • Plus new 2D & 3D data for the next phase of exploration"
The benefits of a privately listed company, they are not constrained with the output of information as public listed companies are. quoting "680 mmbbl highside OOIP" Although, on the high side these are good numbers I really hope the opening paragraph of the Carnarvon Executive Summary contain the word commercial!
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Nearly 3.5 months and no more information?, page-20
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