Sadly, OGW has reported incorrect numbers on a most critical issue being the amount of 1P reserves so how much of the remainder of this report is reliable?
So OGW says that MAE has no 1P reserves at CC.
Go to the Marion website, presentation press releases,
Tricom research 27th August 2007, page 3 of 21:
MAE reserves are detailed as 143 1P(131 at CC), 286 2P & 515 3P.
So around 50% of their total certified reserves are 1P and
based on the Devon transaction 143 1P reserves would be valued at around $450m alone.
I will email this report to OGW & lets us see if they
include a retraction in the their next newsletter.
Over & out!!
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