RPM 0.00% 22.0¢ rpm automotive group limited

on face value figures are disappointing

  1. 34,683 Posts.
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    based upon my "early" assumptions, i've somewhat disappointed with figures reported in yesterdays announcement regarding SC54 (inboard).

    especially Yakal-1 & Tindalo-1.

    from the way i read things out of a possible combined 200meter oil column the best result mid case is 8.3mmbls "Oil In Place" NOT recoverable.

    so even using 50% recoverable rate = 4.15mmbls

    going by KIK's figures at the end of the day they would like to hold a 20% interest in SC54 (inboard) which would therefore give them 2.07mmbls for the above wells.

    as i mentioned i thought given 200meter oil column one would have expeted/hoped for a better return than OIP 8.3mmbls.



 
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