Just read ROCs new ASX release. What a bombshell!!!
Doran said that the initial estimate of 23m of oil at Banda was inaccurate becaused it was based on early pressure measurements. Latest readings are suggesting an oil column closer to 53m.
* Evaluation of the most recent well, the Chinguetti-4-3 exploration well, drilled on the Banda Prospect is continuing. Preliminary indications suggest that the percentage of gross hydrocarbon column which is represented as net reservoir sand in the well is at the high end of the 25% to 40% range quoted above.
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