Surprising:
Capex at circa USD $125M....about USD $25M less than previous estimates.
Opex at circa USD $4 per barrels,
Recovery factor at 60% (wow),
API is 53 so should fetch a premium,
And life of the field is 5 to 6 years (impressive)......page 12.
Good luck to them, hope they get the USD $30M CR.
Ann: Buffalo Farm Out Update, page-2
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