25% of the main game" - er, there does seem to be a problem....

25% of the main game" - er, there does seem to be a problem.

There's a bit more to it than 25% of a single block. What is it ? the Triton West, from memory, that will be coming to town on this particular block. And guess who pays the bills because they had to pay for their share of the block

Naturally if they find oil in P46 it will sort of convince EPR to go it alone next door, where they suspect a billion barrels of oil and more three trillion BCF of gas reside

Now, a billion barrels is "1" with nine zeros behind it, then we might arbitrarily add two more zeros to get to a gross sales value. Say $100billion

In longhand it looks like this $100,000,000,000 - but it could be more, because I guess three trillion BCF of natural gas has to be worth something, and maybe the price of oil might increase. In any case, EPR own 100% of that piece of action

Now that's just one block, however, there's five in total


Neverthless, one might suppose there is some profit in discussing the merits of a single block, P46, which is reckoned to have 800m barrels of oil and a lot of natural gas