AntmanThe fundamentals remain the same however the Volume of...

Antman

The fundamentals remain the same however the Volume of recoverable oil will change if u tweak 1 of the parameter.

I've used 20% to keep things straight fwd as there is a mention of this in the Brz-Hg report.

Anyway the 29MMBBL, I worked out was for 1/3rd of 143m. You are right, a higher recovery rate can also b applied.

Here's some more figures

Using (20% RecFac/20%porosity):

Scenario 1:
Case Thk(m) Area(sqkm) Rec Oil (MMbbls)
1 143 0.5 10,656,599
2 143 1 21,313,198
3 143 2 42,626,395
4 143 3 63,939,593

Scenario 2:
Case Thk(m) Area(sqkm) Rec Oil (MMbbls)
1 50 0.5 3,726,083
2 50 1 7,452,167
3 50 2 14,904,334
4 50 3 22,356,501

Using (40% RecFac/20% porosity)

Scenario 3:
Case Thk (m) Area sqkm Rec Oil (MMbbls)
1 50 0.5 7,452,167
2 50 1 14,904,334
3 50 2 29,808,668
4 50 3 44,713,002

Scenario 4:
Case Thk (m) Area sqkm Rec Oil (MMbbls)
1 143 0.5 21,313,198
2 143 1 42,626,395
3 143 2 85,252,790
4 143 3 127,879,186

Interesting I couldnt help notice that for the Silver Marlin prospect, the nearby Jandaia field discovered in 2004 has a pool area of 0.64 sqkm so i've used that as a minimum Drainage Area figure i.e. how small can the oil pool b & then 3 sqkm as a higher figure as listed above. This could again change if the size is 5sqkm or more.

Dont know what the share price should b frankly, as they still need to get this to surface, but the main thing is its there.

Shares issued are 121 million.

Cheers