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4.17% 5.0¢ central petroleum limited

Original volumetric estimate was 50mmbbl in place. JH...

  1. foolusmctool
    174 Posts.
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    05/07/12
    17:11
    Post #: 10399031
    Original volumetric estimate was 50mmbbl in place. JH subsequently said that there was potential updip that would require one or more subsequent wells to access.

    On that basis my maximum would be 10-15 million barrels recoverable given its a tight reservoir whose sweet spot your driving laterals into.

    Happy to be proven wrong.
    CTP Price at posting: 52.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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