cambay hydrocarbon assessment, page-8

Well, Ive been holding Oilex for 1 year now and those numbers released today {without getting too technical} are interesting to say the least.

On a "High Estimate" the entire 6 zones are estimated to contain gross approx 25.5 trillion cubic feet of gas. Gorgon in the North West shelf {All fields combined} are said to contain 40 trillion cubic feet.

Even eventually, if they were able to recover only 20% of that its still 5 trillion cubic feet of gas. As Seamfriend says, we need flow tests from Cambay 76H well 1st. An initial flow rate of something around 500 000 cbfd to 1 million cbfd and 500-1000 bbld would be a nice start.

Very impressed with the Oil and Condensate in place also. 14 million barrels of oil on low estimates net to Oilex on x and y zones only. At $100 a barrel thats about $630 million net revenue to oilex.

I can only shudder if the "Best" case scenarios of ; Unrisked Recoverable Hydrocarbons {Unrisked Contingent & Prospective Resources} of approx 100 million bbls are realised.

We need some flow rates............