EXE 0.00% 3.8¢ exoma energy limited

TTCBasically they've intersected a 4m column in the Hutton & 6m...

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  1. Ya
    5,477 Posts.
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    TTC

    Basically they've intersected a 4m column in the Hutton & 6m column in the Adori SST.

    OIP is 20 + 59 MMBbls = 79 mmbbls

    They couldn't recover any oil not that they were planning a DST as such.

    U need to factor in a recovery factor of say 8-20% depending on the reservoir property to work out how much of that 79 mmbbls will b recovered & over what timeframe.

    Weather's gonna b an issue now on as most operators will b getting their crew out of the Galilee, so they'll have to come back & test this sometime in 2012 & drill the larger prospect at KE#1


    cheers
 
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