re: china oil how big is the discovery In their 4th quarter...

re: china oil how big is the discovery In their 4th quarter report, Horizon reported

"the oil that was sampled was generally light, mobile and non viscous. The overall results substanially exceeded the joint ventures most likely pre-drill expectation and confirmed the well as a potentially significant oil discovery." and "the prospect was assessed to have mean unrisked potential of 28 million barrels..."

Following early analysis of two sidetracks the ceo from roc oil implied a much larger pay zone....

"Although exact numbers for recoverable reserves are not yet available it is possible to provide a tentative sense of direction as to the likely order of magnitude of in-place oil and the commercial potential of the field. The balance of current probabilities suggests that the oil in-place is likely to be measured in terms of many tens of millions of barrels and, if this proves to be the case, a commercial development would be anticipated."


Further tests will confirm just how big the discovery is and commercial viability of the well.

Pol.