AEL 2.86% 17.0¢ amplitude energy limited

if interested, have a read of this ASX release....

  1. 8,623 Posts.
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    if interested, have a read of this ASX release.
    http://www.asx.com.au/asxpdf/20160504/pdf/43707174q95l22.pdf

    it provides the info on Manta Deep.
    current 2C Resreves for Manta are 106pj gas and 3m bbl oil.

    Looks like Manta Deep has Gross Prospective Resource (COE 100%) of
    Gas 526pj P50 which I think is 2C ? (maybe not)
    Oil/Condensate of 14m barrels.

    P10 (ie 10% chance) is 1,054PJ gas.

    so the potential at manta Deep sounds significant.
    it may be drilled at same time as Sole, amd if successful, it may be developed much earlier than planned.
    One can bet, if domestic gas supply is as short as predicted, and prices still high, then Manta will be fast-tracked.

    cheers
 
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