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 & 2These 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 3An 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 & 6Amistad Unit 1B maps with areas as noted.
Slides 7 & 8Back-up Slides re: calculation in Slide 3
GLTAH
Cheers
VOGC
(20min delay)