The ann. when it comes may blow what what follows out of the...

The ann. when it comes may blow what what follows out of the water but I feel I should point out the following:

YC-4 is a development well on a producing field for which the original oil-in-place was est. at 3.6 to 6.8 million barrels (which would correspond to a lot less than the 5mmbbls of recoverable oil mentioned frequently in several posts)

There is another proven oilfield in PL 18 called Thomby Creek which BUY was going to farm into at one stage. From BUY's 2003 Annual Report (on page 13) I read that Thomby Creek was estimated to have 2.5mmbbls of OIP of which 3% had been produced and that another 300,000 barrels should be recoverable. Therefore it was expected that 85% of the original OIP was not recoverable.

So read the ann. very carefully!

Cheers