Hi Doc
Estimating the TCF of gas by multiplying barrels of prospective oil is not going to give a reliable result. It will need a complete recalculation, which we cannot do without the data on recovery factors and rock volume. 88e now have the data needed and should get it processed by a trustworthy independent consultant.
Even using the initial flawed logic, that you can simply multiply up the oil recovery barrels, my numbers are different.
An oil barrel is 5.61 cubic feet
The Stellars have 320mmb (low case)
Pressure in the Stellar zone is ~6000 psi (408 atm)
Maths
5.61 x 320,000,000 x 408 = 732,441,600,000 cubic feet (0.731 tcf)
Note
Based on the reservoir pore space occupied by the oil now filled with gas at 408 atmospheres pressure, so each cubic foot within the reservoir will become 408 cubic feet at standard atmospheric pressure
88E Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
(20min delay)