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Update on Senegal Drilling is out, page-47

  1. 1,520 Posts.
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    I cannot believe the whinging. Invest in an oil-speccy and, sooner or later, they will run into problems. As it has fallen out it doesn't look so bad to me. Concentrate on this (from the announcement), which I presume is the reason we are all in this:

    "The FAN-1 well will test a stacked fan structure with the potential to contain approximately 900 million barrels
    of oil (mmbbls)* with approximately 135mmbbls net to FAR* and will be followed immediately in a back-toback
    drilling program with the SNE-1 well to be drilled on the shelf targeting approximately 600 mmbbls of oil*
    with approximately 75 mmbbls net to FAR* (reference: FAR ASX release of 27/2/2013)."

    If it was there, it won't have gone anywhere in a week. How much is 135mmbbls worth nowadays?
 
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