moving up., page-48

re: chance of success. Prior to spud it had 2 stacked drill objectives with an approx. 20% chance of success. 1st objective at 2200m(Cenomanian sands). 2nd objective at 3600m(Aptian/Albian sands). After the shows announced this week...I don't really know,but I doubt it would be less chance of success.

Prospective resources(unrisked) =209MMbbl. Baraka's share is 73MMbbl. NPV10 Baraka's share =US$445m.

Then there's the Taoudeni Basin in Mali -193,000 sq kms-(JV ENI and Sonatrach)-potential 645MMbbl + 9.2 Tcf and Mauritania -69000 sq km-(JV with Woodside)-potential 722MMbbl + 2.5 Tcf-(unrisked prospective resources). The NPV10 for these is an awful lot of $US.

There is great potential for further leads in all projects as has been discussed by other posters. The good part is that it's early days share price wise. There is a long way to go though but things are looking good so far. Highly speculative but well worth a look. Further info at www.barakapetroleum.com.