Hi Trumpster101 and others who may be interested,
I've Posted below in the following Slides my review of the ASX 25/3/24 - Amistad Unit 1B McDaniel's Resources assessments.
Slides 1 & 2
These cover my notes on the release.
Key items as noted on the Slides:
1 Key Conclusions
2 Amistad Unit 1B is described as "heavily fractured, porous and oil filled" - thus, would strongly expect that McDaniel has included the fracture volume in their estimates.
Slide 3
An estimate of the area that 1sqkm with 350mTDV thickness of net pay would cover with likely average parameters for Unit 1B = 1.45sqkm. Did this as a sense check for my conclusion that McDaniel's were very likely only looking at a very small area.
An estimate of the potentially recoverable resources for the current "full" Unit 1B area of 12.6sqkm ~400MMBO. This is the 100% JV number, therefore MAY's 30% = 120MMBO.
Slides 4, 5 & 6
Amistad Unit 1B maps with areas as noted.
Slides 7 & 8
Back-up Slides re: calculation in Slide 3
GLTAH
Cheers
VOGC
(20min delay)