FAR 4.00% 52.0¢ far limited

The kids, they grow up so quickly, page-13

  1. pj
    2,090 Posts.
    Step out to the shops, come back and aqua is now really flying.

    No matter the upper (North) fans don't stretch over the whole FAN green area which is the lower early FAN called Beer.

    N0 matter that the upper fans have already been tested and as Whisky states don't contain commercial oil anyway.

    No matter that because of your false assumptions on the upper Fans you are already at least tripling the Fan areal closure from what it actually is at the only productive level - Beer.  

    No matter that the reservoir quality of the pay at Beer was lower than that encountered for SNE from which you have cribbed some perm and poros numbers.

    No matter that the operator, using all their resources, has already given us the STOOIP numbers for Beer as P50 950mb which would imply a 300mb recoverable resource if they were confident enough about the drilling data to ascribe a 30% recovery factor which they are not.

    No matter most analysts as a result ascribe a likely resource of 200 - 250mb to Beer at present.

    No matter you are averaging two entirely fictitious numbers of 4 billion and 8 billion recoverable which are entirely of your own making in a false attempt to lend additional weight to your final result,

    Yup, for Aqua, 6 billion barrels recoverable it is then and a stipulated share value apparently of $1.69 for something the market currently values at less than 1c.

    pj
 
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