PV1 0.00% 2.0¢ provaris energy ltd

I get 760 million barrels from ASX also, hence why I said the...

  1. 2,883 Posts.
    I get 760 million barrels from ASX also, hence why I said the 800,000 was a typo.

    ASX Announcement

    6 March 2012
    TITAN ENERGY LTD TO ACQUIRE INTEREST
    IN PROVEN TEXAN SALT DOME OIL
    PROSPECT
    HIGHLIGHTS:

    • Titan Energy to earn an initial 87.5% working interest in a proven 344 acre oil producing salt dome area in Texas.
    • Area considered to have significant potential and similar geologically to nearby Maverick Drilling & Exploration Blue Ridge Dome Field.
    • Current target of 1 million barrels of recoverable oil.
    • Initial three well development drilling program planned.
    • Re-processing of 3D seismic to assist with selection of drill targets.
    • Modern technology tipped to bring new lease of life to historic producing area.
    • Experienced US consultant joins Titan Energy team

    Further down it says:

    Allen Dome

    Although only relatively sparsely drilled, the Allen Dome piercement salt dome has generated production from the north flank of over 760 million barrels of oil (mmbo) from sands above 5,000 feet from 7 wells.
 
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