re: Ann: Namibia-Mean Prospective Resource Es... Bang on press release from PCL, given the info. publicly available from HRT and period to digest, mixed in with McN estimates. Give them marks for this. Quoted PROSPECTIVE mean 8.7BBoe (where does 8.4B come from?) instead of P10 of about 14Billion Barrels , another tick.
Risked weighted with geological success... 435 Million Barrels. Give a worth at for say 0.20c a prospective barrel, should give around $87M (I would expect higher than 20c).
We have oil from the south from HRT, and shallow oils shows off structure in the north east corner of EL0037 well. Look-alike channels.
Oil generation capacity appears there, plenty of organics/cooked to sweet oil, in potential large volumes (44,000km3 of erosion, or thereabouts), just need the right sands, trap seals and pathways.
I am putting out an order for at least one marine, or low organic turbite sand 100+m thick, please channeled to those source rocks.
Have any seen the mention of salt layer?
re: Ann: Namibia-Mean Prospective Resource Es... Bang on press...
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