Nice understatment anna mae,from the last quarterly report,
Prospective oil resources of up to 9.7mmbbls (mean 4.5mmbbls) had been calculated for the Eocene reservoirs.
Been ever the optimist I went for the high figure(as is my want)looks like its around the low figure ,guess what 4.5 /2 is around the 2 million barrel mark(oil column devided by two gets you the magical figure).
Needless to say the key for us will be the flow rate,I guess were lucky theres no watersplit as the local refinery cant handle that.
But what about this ,from the same quarterly report,
Seismic sections across the structure indicate a robust closure (see figures 3 and 4). Caspian plans to target oil and gas potential in the deeper Cretaceous and Jurassic age sands in a follow-up well, should West Mailisu #2 be successful.
Bring it on,(with a brand new compressor).
Raider
CIG Price at posting:
11.0¢ Sentiment: None Disclosure: Held