page 35 of their december report by the geo states:-
The acreage lies in the northern part of the prolific Paradox Basin and contains essentially the same prospective sedimentary section that has produced over 500 million barrels of oil and 1.2 trillion cubic feet (TCF) of gas. It lies on a producing trend that extends from the large Aneth Field to the south to the Greater Cisco Field to the north.
the next note states:-
� The Golden Eagle prospect is a large undrilled Pennsylvanian shelf-edge/basement structure with the potential to produce more than 3 TCF (trillion cubic feet of gas equivalent) and is expected to be drilled to a total depth of 4,450 metres in the first half of 2006.
there is a difference here. to what then is the first bullet point referring? i take it to mean the whole paradox basin.
then the next bullet point makes mention that the golden eagle prospect itself has the potential of 3tcf.
so the figures being discussed seem to be a bit rubbery.
just trying to get a better understanding of whats going on.
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