GBP 0.00% 2.5¢ global petroleum limited

oil oil oil , page-7

  1. 2,827 Posts.
    interesting read on the pipeline as well:

    "Heritage Oil also provide an estimate on the
    required reserves threshold of between 350 and 400mmbbl at $80/bbl to make the pipeline commercial viable. Tullow had
    previously indicated a 400 million barrel of oil equivalent reserves threshold at $80/bbl that would make an export
    pipeline from Lake Albert to the East African coast economic, however they indicated that under falling oil price
    environment a higher threshold of 500 million barrels at $60/bbl would be required. To date heritage Oil and Tullow
    have discovered over 2.0bn bbl of gross upside between blocks 1, 2 and 3."
 
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