Lucky with 5%?
The historic recoveries for secondary recovery methods on heavy crude range between 10% & 25%
So with a high degree of natural fracturing and greater depth than many heavy crude plays - it is likely this will perform at the better end of this range.
All multiples of the initial estimates that already implied a far greater value than our market cap.
MAY Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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