apache talbot, page-3

Thanks Bloodred

So the field has potential reserves of 2-5m barrels and was discovered in 1989. Presumably the low potentail made it uneconomic back then.

AED paying between 40c and $1 per barrel of reserves, if they can prove up the high end (5m) then they should be able to get this up to around $15 per barrel or $75m value for a $2m investment (plus costs of sinking another well.

Overall small fish in the scheme of things but nice to see a little diversification and a postive sign from the company for future growth prospects.

Zinc