7 from 7 miocene plays, page-2

Got to love those miocene sands.. these are unbelievable success rates..

Early days but some rough 'back of the envelope' calcs of value to HDR of the Tevet strike at 50- 10 mbbls., that's worth about 15-30 cents to HDR, with a very very conservative value of $10/bbl.

But by the time Tevet comes in line for production (as a tie in to Chinguetti), oil will be holding USD50 per barrel, and Tevet will be value at $30 per barrel so it could be worth upwards of a buck to HDR.