a quick note after flipping quickly through the ann last night,
11.6 billion barrell UOIIP "mean" resource.
35% recovery rate = 4.06 billion barrells, and,
they only have 50% of the package = 2.03 billion barrells
finally a farmout of say 15% to the farminee leaves them 35% of 2.03 billion barrells = 700 million barrells.
There's more accurate figures in the report.... but as usual, alot of external factors need to be taken into consideration.
nido identifies 11.6 billion barrels , page-36
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