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Ann: Alameda1 Independent Resources Assessment Marti Reservoir, page-148

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    68 mbls?
    362 mbls x 30% = 108 mbls will be probably be triple or double when we get more holes drilled and flow rates, the Oil Assessment Independent Expert McDaniel & Associates would have been very conservative in their approach to calculate the resources to cover themselves. As you know the recovery rate will be much more than the 5-6% used by McDaniel & Associates, as such these figures are likely to be upgraded greatly.
    I am assuming that your 68 mbls is the figure after the PSC and/or royalties are taken into account, most oilers when giving resource figures rarely include royalties or PSC.
    As AP said in the announcement today: "Net entitlement Prospective Resources are the net working interest Prospective Resources less royalties payable to others. These royalties are determined by the Block 9 Production Sharing Contract and are dependent on a number of factors such as commodity prices, development costs and operating costs and as such cannot be reliably determined at this stage."
 
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