Forgat to add... Fusion's comment that Ching could hold 760mbbl is encouraging! Even if that is "in-place" you would have to expect a 30%+ recovery rate .. which would make Ching well over 200mbbl recoverable. HDR has indicated that the extra cost of drilling will lead to a reserves upgrade. We have to expect an upgrade IMHO once all the flow tests are completed (within the next 2-3 weeks from yesterdays announcements) and production rates are known .. so perhaps 4-6 weeks?? Just guessing really .. beacuse we have no facts to go on!!
Bug*er it I'm going to hassle Simon again!
H
HDR
hardman resources limited
wpl ching spin, page-3
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