kkw
My view on SNE and the 600 mbbls is that it was probably attributed incorrectly to CN because she stated that the oil in the top Albian sands "more than compensated for there being none in the lower Aptian sands" . The 2 prospects were estimated at 154 (top) and 476 (bottom) = around 600 mbbls. But of course she was talking about risked expectations ... we might have expected a total of 600 but she/they expected maybe 20% of 600 = 120mbbls.
I fail to see that after numerous descriptions by CNE and FAR of how well defined SNE is and how straight forward the reservoir is that they are going to find another 300mbbls. Could happen if seismic correlations define thicker sands but I think that's unlikely.
H
Ann: Investor Presentation, page-34
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