gwc lottery, page-86

Fred, correct.

The 5tcf estimate is actually relatively conservative. MEO are ignoring any volumes with porosity under 4% and are assuming an average porosity of less than 7%. All based on the premise the GWC is at 4,360 MDRT.

If the GWC is 3 or 5 or 10m from where the bit was yesterday, then the original volumes of the structures are ok, but if the GWC is extended to where I am postulating, then it's a completely different ball game.

We are talking the difference between what we hoped for, and better than we could have hoped, at least in terms of GWC. Liquids, CO2, productivity are yet to be confirmed.