"An analysis of the wireline logs and pressure measurements recorded in the Jingemia 1 well confirms that the well has intersected 34 metres of Dongara Sandstone of which 32 metres is interpreted as being of good to excellent reservoir quality."
The orginal estimated recoverable reserves were 12 million barrel. 32 meters of reservor sounds impressive. Would this incease the potential reserves or is it too early to tell.
Even at 12 m barrels, the find is worth about 5c to HDR. This market is either incrediably risk averse or irrational.
AWE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
