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13/01/12
19:10
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EVENTUALLY !!!
Final details out regarding Moyes Assessment Report. Report is on Soro B18 only, (no chets).
Value B18..50cps with B20..total 65cps so at todays price of 17cps very under valued.
Slightly higher 3P gas from the details released from Moyes via Hartley's 20th Oct 11. See below:
Small increase 3P 'gas in place' to now 80bcf, with 56bcf recoverable (67%).
4 additional wells needed to drain it all.
Present OLD gas plant able to manage with 2 wells, but new gas plant needed after that.
Soro's legend #469 is separate and not included here, has very good prospects.
Estimate net value of remaining Soro B18 alone, $41million to $219 million at 3P levels with 5 wells.
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