OSH 0.00% $4.04 oil search limited

Ann: Oil Search acquisition in Alaska - Presentation, page-22

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    "...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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