as per KIK's announcement:based upon my "early" assumptions,...

as per KIK's announcement:

based upon my "early" assumptions, i've somewhat disappointed with figures reported in yesterdays announcement regarding SC54 (inboard).

especially Yakal-1 & Tindalo-1.

from the way i read things out of a possible combined 200meter oil column the best result mid case is 8.3mmbls "Oil In Place" NOT recoverable.

so even using 50% recoverable rate = 4.15mmbls

going by KIK's figures at the end of the day they would like to hold a 20% interest in SC54 (inboard) which would therefore give them 2.07mmbls for the above wells.

as i mentioned i thought given 200meter oil column one would have expeted/hoped for a better return than OIP 8.3mmbls.

i think i might give Dave a call and get his view...