I am a shareholder who reads alot but does not post much.
I have been trying to work out the potential increass in reserves based on the latest development well. Based in a simply formula
14 net pay divuded by 8.5 net pay the well has resulted in a 65% higher result. If this continues throughout the other development wells that would put Bauer at approximately 5.8 millio barrels gross for the JV. I am not sure if the above simple formula is how it would work but I would thing net oil pay times size of structure would equal recoverable oil.
It certainly underpins the future production profile of Drillsearch and the prospectivity of PEL91
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