Hi all.
I note that CNE said that the VR-1 well has " confirmed the 1C proven resources for the field "
Given that their 1C of 274 mmbbls is based on 17% recovery factor and they are now saying minimum of 30% recovery from the 500 sands and given most of the 1C is the 500 sands I am led to the conclusion that CNE are saying that our 1C has just almost doubled.
So if I am correct CNE 1C just went from 274 mmbbls to 483 mmbbls. IMO DB
VR-1 Well
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