November 2015 Menora reserves were estimated at 20 mil barrels. Without future side tracks.
By my calculations that leaves 14 million barrels in reserves approx 6 million to TAP
With POO at present levels that equates to a potential estimated profit of approx $120 mill downstream.
This is what I am hoping to be confirmed in the next release, coupled with a debt free position and hedging at much higher levels.
AIMO
Ann: Change of Director's Interest Notice, page-10
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