ERH 0.00% 2.9¢ eromanga hydrocarbons limited

Brabus you are obviously fairly switched on with regards to...

  1. sle
    10,826 Posts.
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    Brabus you are obviously fairly switched on with regards to these scenarios but I would of thought the following was more than oil shows:
    Eromanga Hydrocarbons NL (ASX: ERH, ERHO, ERHCA) is pleased to provide an update on
    Block 330 where it expects to commence an extended production test of well PTA-3 in mid
    August.
    The Gavea Joint Venture (ERH 40%) re-entered the PTA-3 discovery and announced to the ASX on 25 March 2008 that it was suspending the well for future production. (Refer Figure 1 forlocation, seismic section and photo)
    A. Preliminary Development Plan
    In anticipation of the extended production test results, Gavea the block operator, has proposed an aggressive, full-field development plan based on production from 14 wells, with peak rates of approximately 2000 barrels of oil per day (bopd) within 2-3 years and a life-of-field forecast of ~ 7 million stock tank barrels (mmstb) of recoverable oil. This amount of recoverable oil is consistent with ERH’s current best estimate of contingent resources at Block 330.
 
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