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6,809 Posts.
3829
19/02/09
10:00
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What we didn't see in this ann'mnt is the Gas Estimate.
Here are my calcs.
Tonnage: 1.175 TT
Gas Saturation: 5m3/ton
Vol of gas: 5.875 Trillion m3 or 205.4 TCF
Assuming 50% recovery factor: 102.7 TCF
Assuming 20& RF: 41.08TCF
In their model, the gas saturation ranges between 4-11m3.
So if we use 10m3/ton, we get 11.75Tm3 or 410 TCF gas.
At 20-50% RF, this is equivalent to 82-205 TCF
Interesting numbers, that justify further exploration & development in this area, IMO.
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