just how much oil will be there,this is just one teeny section..Eromanga's first exploration well on Block 430 encountered oil and was completed as a future producer in September 2008. The Joint Venture estimates a mid case Contingent Resource of 48 million Barrels oil in place with a high case of 107 million Barrels. It expects to be able to book reserves for this discovery based on the results of the extended flow test which is planned for early 2009.
ERH Price at posting:
19.6¢ Sentiment: Buy Disclosure: Held
