JKA jacka resources limited

hammermet on track

  1. 1,214 Posts.
    very positive announ today. worth reading in full

    'The Abiod Formation in the Hammamet West discovery has P50 oil-in-place of 475 million barrels,
    with 101 million barrels of P50 contingent resources, assuming the known 190m oil column. If
    Hammamet West-3 encounters a longer oil column this could significantly increase the oil-in-place
    and the contingent resources. A secondary target in the Hammamet West-3 well is the Birsa
    sandstone which is assessed to have 33 million barrels of P50 oil-in-place, with 10 million barrels of
    P50 contingent resources. The field is in 50 metres of water and 12 km from shore and a conceptual
    development plan prepared by Worley Parsons suggests that 12 million barrels of oil could be
    economic."
 
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