16 million is 1p isn't and 20 million 2p reserves?
Point I make Ozgem... If Nido's BOPD is around 1200 BOPD from Galoc nth and we know Nido's share for Galoc phase 2 should be around 3000 BOPD that would make over 4000 BOPD or total of
364000 for one lifting in a quarter.. In revenue terms if sold @ $110 a barrel would be about $40 million per quarter from late 2013 onwards...
galoc nth, page-3
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