The Undiscovered Oil and Gas-Initially-in-Place and Prospective Resources are shown in Table 6. The risk analysis results are shown in Table 7. The likely hydrocarbon phase is uncertain so an equal 50% chance of oil or 50% chance of gas has been assumed. Permits Prospect Undiscovered Oil Initially In Place (MMbbls) Undiscovered Gas Initially In Place (Bcf) Prospective Oil Resources (MMbbls) Prospective Gas Resources (Bcf) WA-332-P WA-333-P Low Estimate Best Estimate Mean Estimate High Estimate Low Estimate Best Estimate Mean Estimate High Estimate Braveheart Gas Condensate Case 730 1895 2231 4217 501 1322 1564 2973 Prospective Condensate Resources (MMbbls) 23 64 78 153 Braveheart Oil Case 516 1335 1572 2957 150 397 472 897 Table 6 - Permits WA-332-P WA-333-P Undiscovered Gas/Oil Initially in Place and Prospective Resources for Braveheart Prospect Risk Component Chance Trap 70% Charge 90% Reservoir 72% Seal 27% Geological Probability of Success #12% # Geological Probability of Success of particular hydrocarbon phase is 6% gas and 6% oil Table 7 - Chance of Success of Braveheart Prospect
MOG Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
