Going back to the original point on Jewell well reserves.
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I asked Wazza whether he believed the figures on the Stonehorse energy website..
Specifically production to date of 302,000 BOE and Estimated ultimate Recovery of 1800,000 BOE..
That means there is just under 1,500,000 BOE left in the ground,.
Stonehorse NWI is 31.125% which equates to around 465,00 BOE. AT 100 AUD profit per barrel this means Stonehorse Jewell reserves are around 46.5 million AUD..
From a memory after 7 years from production start I believe the NWI drop to zero..
Please correct me on this as this is from memory when I had not started to accumulate in SHE..
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It is unlikely SHE will be able to extract the 46.b million AUD value out of the ground before the 7 years is up ..Unless the wells are expanded or re-stimulated.
Any insight on this from other is welcome
