Structurally the feature is defined by a NW-SE trending reverse fault on the northern flank, Mr Parsons said. Seismic sections across the structure indicate a robust closure (see figures 2 and 3).
The prospect could contain oil reserves of up to 9.7mmbbls, with mean potential reserves of 4.5mmbls calculated for the Eocene reservoirs. Gas reserves of 5-10bcf could also be discovered in the Cretaceous or Jurassic reservoirs, Mr Parsons added.
If GP cant get this "ROBUST CLOSURE" producing,its sayonara for him crusaders,buggar me Bill Clinton never had as much teflon.
Raider
CIG Price at posting:
8.0¢ Sentiment: None Disclosure: Held
