"The official literature accompanying the deal spoke of an initial target of around 500 barrels of oil per day by the end of this year, rising to 1,500 barrels by the end of next year. At this stage, the life of the field is put at between 15 and 25 years.
Andrew is confident it can deliver more, though. He talks of adding more acreage, and of an area already in the leases that looks as though it has “a lot of potential”.
the IRR numbers look too good to be true. “We’ve been really careful with the due diligence”, says Andrew. “It looks like the IRR is between 100 per cent and 200 per cent.”
It's all sounding very good imo
rsl 850,000+ barrels of oil per day, page-12
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