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Ann: Oil Search acquisition in Alaska - Presentation, page-23

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oze_wolverine

2,606 Posts.

124

07/01/18

20:54

Post #: 30109427
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Originally posted by etherazer ↑

"...But you guys can do the math, you can pull your calculator out and you can see 40 miles long by two and a half miles wide with about 120 feet of average pay at 640 acres per section. Multiply that by about a 325 barrels per acre foot and you can see that's about a three billion barrel field. "

My calc':
40 miles X 2.5 miles = 100 sq.miles
100 sq.m. X 640 acres per sq.mile = 64,000 acres
64,000 acres X 120 feet = 7,680,000 acre/feet
7,680,000 X 325 barrels per acre/feet = 2,496,000,000 barrels of oil
So that's about a 2.5 billion barrel field.

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Do you think the OSH guys were quietly chortling.

OSH Price at posting: $8.01 Sentiment: Buy Disclosure: Held
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0 Great analysis

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