my calculation - oil value
assumptions:
volumes: oil depth 6.1 m; closure area 2000 hectares; porosity 4%;
volume oil in place = 6.1 x 4% x 2000 x 10000 = 4.8 m cu metres oil
conversion 6.3 bbl to 1 cu metres: 30.24mbbl
recovery say 15%: 4.5m bbl
value in ground say $30/bbl: $135m
oil has been recovered from other parts paradox basin.
so oil value alone may be enough to develop golden eagle.
comments welcome.
oil details, page-9
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