oil section from report

Hi All,


FYI for those who have not looked at the report...

http://rangeresources.com.au/docs/Independ...20(14-1106).pdf




Total potential recoverable reserves in the most likely case are estimated to be 516 million barrels. This figure is confirmed to within 10% by our own calculations based on the prospect parameters.


A discovery of this size would be worth of the order of US$10,000 million at the current yardstick of US$20/bbl, ignoring political risk.