08:52
Optimistically, each 100 million barrels of oil that is discovered could command a Sell Out value up to US$3 per barrel.
This has to be split with our FO partner, I assume.
We have yet to be advised how many 100's of millions of likely commercial oil there is.
More onsite work to do, possibly 3 weeks to include a 2-week Oil Flow Test.
Just a quick take, please adjust or add to....
Phrontist
Ann: Operations Update, page-30
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