soca preso

Getting bored I re read through the detailed preso released on the 25 Aug which has Forrest Garb and Ass estimating some pretty large potential ( proved and prospective ) reserves in these Tinidad leases ..
?? Proved Reserves of 2.6 MMBO, PV10 = $120MM
?? Prospective Reserves of 19.8 MMBO, PV10 =
$600MM

Theres some very exciting numbers here ...

Acquiring Producing Footprint, 200+ producing wells with only 5% developed
?U Acquiring onshore production with a December 2009 rate of 700+/- Bopd.
?U Low-risk infill drilling has potential to increase production 5x within 36 months to 3,500+ Bopd with deeper
exploration upside to +_6,000Bopd.

So with the deeper drilling, 6,000 + bpd is being quoted here ..

Also found this article http://www.proactiveinvestors.com.au/companies/news/8997/monitor-energy-to-acquire-up-to-90-stake-in-trinidad-oil-production-8997.html

Jan is going to be HUGE !

ADYOR

SV