grace spudded, page-40

For what its worth...

Here's an extract from an old article (http://www.energynewsbulletin.net/storyview.asp?StoryID=98293)

The point of interest was that Grace is a low risk prospect as compared to the KonTiki duster which was rated a medium risk before the drilling campaign commenced. Interestingly the relatively successful Poseidon prospect was also deemd low risk (same as Grace).

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In its presentation, Karoon estimated that the Grace prospect had the potential to contain 6.45 trillion cubic of recoverable gas and 123-277 million barrels of condensate (most likely estimates). It said Grace was a low-risk prospect, located in 575m of water.
The Kon-Tiki prospect, described as medium risk, is in 500m of water and potentially contains 12.86Tcf and 244-553MMboe.
Meanwhile, Poseidon is also described as a low-risk prospect with 3.46Tcf and 49-112MMboe. Karoon said Poseidon, which is in 480m of water, was the closest analogue to Woodside's Scott Reef field.
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Cheers....Jimmy