ann out 2.1m recoverable, page-7

Exactly as predicted between 6 and 10 Mill BO ... sellers are not factoring the the 2C results IMHO

CTP Releases Surprise reserves report

1p 2.600 Mill BO (600k BO Recoverable)
2P 6.420 Mill BO (1.1 Mill BO Recoverable)
3P 7.480 Mill BO (2.12 Mill BO Recoverable)

2c 17.7 Mill BO (5.850 Mill BO Recoverable)


The 2C Figure is includes the likely Oil on both side of the fault Id'ed by Seismic

(1 mill BO equated to approx $108m based on the Tapis Crude Oil price per barrel today)


So Assuming they can extract the 5.750 mill barrels of 2C Recoverable (albeit with a few more drill holes) the value would be around 5.85Mill x $108 per Barrel = $631m in ground value before transportation costs

All is IMHO DYOR to Confirm