OEL 7.69% 1.2¢ otto energy limited

Great Bear, page-63

  1. 6,354 Posts.
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    Thanks Ron,

    Yep, that may result in an extra rig or two being available this season depending on what their program was, although the following excerpt from your link indicates they may have been averaging 4 wells per season.

    "Over the last four years, the venture has drilled 16 wildcat and appraisal wells on the North Slope resulting in a 100% track record of finding oil with most wells having oil pay in multiple zones. Third-party engineering firm DeGolyer and MacNaughton reports C1 reserves of 497 MMbbl, C2 reserves of 1438 MMbbl and C3 reserves of 3758 MMbbl."

    You'd have to say that's a pretty oily area! Hope it's a lot like that in the GB/OEL tract.
 
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