200mmb will be quite difficult to happen IMHO....but if it does ....man o man...... you can see it at dollars not cents IMHO !
I don't know how much but...... LMFAO! I love to dream !
have a great weekend and take care speak later......
Drill Marina 1 to test 50 mmbbl recoverable • Potential 235 mmbbl in place • DLS funds 15% retains 35% WI
So say......35% of 200 mmbbl @ $80 a barrel = $5.6 billion Last Friday's close at 16.5c = Market cap $77 mill
35% of 50 mmbbl @ $80 a barrel = $1.4 billion 35% of 50 mmbbl @ $70 a barrel = $1.225 billion 35% of 100 mmbbl @ $70 a barrel = $2.45 billion 35% of 200 mmbbl @ $70 a barrel = $4.9 billion
Drillsearch reckons Marina could contain more than 200 million barrels of oil equivalent. Its partner in the well — ExxonMobil, no less — isn't saying what it believes the potential is but the oil giant is obviously not interested in wasting its time by drilling anything but a significant target.
Marina is in WA-318-P, about 250 kilometres west of Darwin in a water depth of 65 metres.
Proposed total depth is 2350 metres, so if it all goes to plan, Drillsearch should know within three weeks of Marina's spud-in date whether it's on to a company maker or not.
The well will target three potential reservoir units where hydrocarbons have been discovered in adjoining permits, most notably ENI's Blacktip field, 60 kilometres to the east.
DLS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held