The Cambay 77-H is an oil/condensate well which produces a some gas - it is not a gas well producing a some oil/condensate.
Therefor the value is in the high grade crude produced not the relatively minor gas production:
"Hydrocarbon liquid to gas ratio is calculated to be: on Cumulative basis - ~120 bbls per MMscf on Average while flowing the well" – so we have an average of 8,333 scf of gas per bbl of oil. The standard definition of a gas well is 30,000scf per bbl or higher.
Calculations should be based on the oil production not the gas.
joatmon
OEX Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held