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Am wondering if, after CN's Q&A you got the impression that all...

  1. pj
    2,090 Posts.
    Am wondering if, after CN's Q&A you got the impression that all or most of the 29m is Beer??

    Quote CN:
    "The fact that we have assessed to date 29 metres of net pay over a very large area resulted in the Operator announcing an estimate of 950 million barrels of oil in place on a P50 basis. As a joint venture, we are yet to finalise our assessment of the net reservoir, but if we apply a 30% recovery factor to this oil in place estimate then we have another large discovery in FAN-1. What is particularly exciting about FAN-1 is that we did not reach the oil-water contact in the well. This means that the size of the potential pool of oil could be much larger than we have estimated and significantly larger than the SNE-1 discovery"
 
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