Can someone MUCH smarter than me tell me how oil calculations work ?
Previous operator reported 1bn barrel estimates on this lease.
Chatgpt tells me that is AUD$142bn worth of oil.
Even if this was PRE extraction costs – seems like there might be a bit of money to be made if they find the black stuff ?
This mob HAVOC seem to be the right techs to be looking for it. Their track record is huge.
I have never had much lick with oilers but if you are going to get in – this is as ground n level as it gets.
Fortune favours the brave etc.
Ann: Application for Strategic Oil and Gas Block Offshore Namibia, page-5
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