Ann: Spill Meeting, page-98

Going back to the original point on Jewell well reserves.

.
I asked Wazza whether he believed the figures on the Stonehorse energy website.

.
Specifically production to date of 302,000 BOE and Estimated ultimate Recovery of 1800,000 BOE.

.
That means there is just under 1,500,000 BOE left in the ground,

.
Stonehorse NWI is 31.125% which equates to around 465,00 BOE. AT 100 AUD profit per barrel this means Stonehorse Jewell reserves are around 46.5 million AUD.

.
From a memory after 7 years from production start I believe the NWI drop to zero.

.
Please correct me on this as this is from memory when I had not started to accumulate in SHE.

.
It is unlikely SHE will be able to extract the 46.b million AUD value out of the ground before the 7 years is up ..Unless the wells are expanded or re-stimulated.

.
Any insight on this from other is welcome