OTCPK:ATGYF - Post by User
Comment by
Bigbadoilon Jul 09, 2007 12:56pm
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Post# 13058144
RE: Now Closer To The 226 MMBO P10
RE: Now Closer To The 226 MMBO P10Engineers Reserve reports are conservative. This normal. Once production starts they will be adjusted upwards. Also the bulk of the reserves are in this recently drilled central block
Using Geomeans link to Geysir Petroleums, they have a graphic of average production rate net to their working interest of 10%.
This makes the math easy. they see 15 yesrs of production at Causeway. So i multiplied all the averages *365 *10 to get:
Cumulative production from Causeway over 15 years =78.49mmmstb (subject to some rounding..)
Seems like everybody likes the p50 mean number.
Bigbadun'