FAR 0.63% 80.0¢ far limited

wei 70 to 100 mill of oil

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    From PSA Quarter report
    Wei 6.12 South oil discovery China. The Wei 6.12 South oil discovery made in China during May was appraised by two side-track wells, both updip and downdip, and production tested at a rate of 5,750 barrels of oil a day. The three wells have provided sufficient data to complete feasibility studies by the end of 2006 with the expectation of an overall development plan (ODP) being delivered early in 2007. The operator, ROC Oil, has issued guidance that the total oil in place for the Wei 6.12 discoveries ranges between 70 to 100 million barrels of oil of and expected oil recovery in the range of 30-50%
 
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