Rubik was your contact talking P90(low estimate), P50(best estimate) or P10(high estimate). I would assume he was talking P10. It would be fantastic if he was talking P50, and it would be out of this world if he was talikng P90. Can you clear this up and give us an idea of your contact's credentials. If it was P50 best estimate then P10 high estimate could be getting back to around the 3tcf they originally pinpointed as a possibility back at PB1. Wouldn't that be nice. Probably not going to happen, but wouldn't it put a cat amongst the pigeons if it did. Ah, I can dream.
Here's an exert from pre PB1 announcement that got the punters excited way back around the time when gdn was soaring like a golden eagle -
"The prospect is well defined by 2D seismic data in association with nearby well data that provides evidence of an active petroleum system, with both source and reservoir units. The Golden Eagle Prospect is assessed to have a moderate 19.5% probability of success with a mid-case (P50) target size of 440 Bcfe (billion cubic feet gas equivalent), and has potential for up to 3 Tcf (1 trillion = 1 thousand billion cubic feet) of recoverable gas equivalent (Tcfe), if hydrocarbons are present."ends
Fingers crossed for some decent figures from RPS B Rubes
GDN Price at posting:
5.2¢ Sentiment: None Disclosure: Held
