Prospective resource is not an exact science until a drill bit finds these things out.
These resources very rarely will be commercial.
FAN1 for example.
Pre drill resource was...gross oil in place STOIIP
P90.....250mmbbls.
P50.....950mmbbls.
P10.....2,500mmbbls.
The second FAN well was deemed a dud.
SNE1....
P50 pre drill estimate was 154mmbbls gross.
Instead the result was.
IC....150mmbbls.
2C....330mmbbls.
3C....670mmbbls
Moral here is nothing is a given with pre drill estimates.
These estimates would also have been RISC estimates commissioned by FAR.
- Forums
- ASX - By Stock
- FAR
- COS .... whats it mean?
COS .... whats it mean?, page-23
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M |
Open | High | Low | Value | Volume |
52.0¢ | 52.5¢ | 51.5¢ | $289.9K | 557.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1960 | 51.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 103276 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.510 |
1 | 2495 | 0.495 |
1 | 47000 | 0.485 |
2 | 92553 | 0.470 |
1 | 3000 | 0.445 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 103276 | 2 |
0.525 | 19005 | 2 |
0.530 | 101005 | 2 |
0.550 | 27285 | 2 |
0.555 | 10000 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |