Cant wait for Citic to get involved as this I believe will really speed things along i personally feel that possibly the field was being held back a bit and now things are set into play to ramp up developement.
Current Gross Reserve estimates range from 40 to 73 million barrels of oil.
The range in reserve estimates occur as a result of the complex geology and difficult reservoir performance prediction (a common problem in fractured carbonate reservoirs). As new development wells are being completed, the production performance over time of these wells will enable more precise reserves estimation.
LIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
