FAR 0.00% 50.5¢ far limited

Drilling programme potential

  1. 2,532 Posts.
    lightbulb Created with Sketch. 5
    Guys,

    I revisited FARJOY's equations for determining the size of the SNE field, then tried to determine the outline of what SNE-3 might prove up, following by the green area (marked as Oil in the investor presso).

    Please let me know if these assumptions are incorrect.
    I have used recovery at 40%, which with EOR could obviously be higher;

    (By my calc's, SNE-3 could deliver as much as 1.5BBLS, not withstanding what gaining confidence of the overall extent of the SNE field could determine (green section)..

    Screen Shot 2016-02-06 at 11.38.47 AM.png
    Screen Shot 2016-02-06 at 11.17.04 AM.png Screen Shot 2016-02-06 at 11.12.21 AM.png

    AIMHO, DYOR, GLTAH
 
watchlist Created with Sketch. Add FAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.