AOK 0.00% 0.3¢ australian oil company limited.

In the last presentation which I copied and pasted a slide...

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    In the last presentation which I copied and pasted  a slide below.It states  production ratio of 30 years .
    My question is
    .......................do they think that they have 30 years worth
    .......................and if so at what yearly rate? eg 30 into what.....=  what............
    sorry if I've misreading this slide but does anyone have any ideas

    cheers
    =================
    • Lease acreage, develop and drill vertical wells targeting the Mississippi Lime in Northern Oklahoma
    • ~8,700 net acres in Kay County with solid infrastructure
      • ‒  Proximate nearest refinery
      • ‒  Good availability of grid power
    • ~75% IRRs on wells at $85 oil. 65K BOE estimated recoverable reserves per well at current type curve
    ‒ ~$10 F&D costs and ~$5 LOE expenses per barrel
    • Highly consistent formation to date
      • ‒  Only 1 of ~40 producing wells determined to be uneconomic
      • ‒  ~USD$200K of expense before dry hole determination
    • 74% liquids by volume today (55% oil and 19% NGLs)
    • $217M of 1P PV10 in 12/13 reserve report, 14mm BOE of proved
      reserves based on ~6,500 acres assessed in last reserve analysis
    • Reserves/Production ratio of 30 years; production growth expected
 
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