GREY:AUCAF - Post by User
Post by
Phantasmon May 31, 2013 2:28pm
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Post# 21467944
4.1 billion barrels of oil and 25 Tcf of Gas
4.1 billion barrels of oil and 25 Tcf of Gas Just saw the press release from ACOR highlighting the resource potential on its Australian blocks. Mgmt estimates 4.1 billion barrels of oil, 25 Tcf of gas, in addition to the amounts assessed by Ryder Scott. And that is just on the Georgina Basin, the Simpson Basin could have the potential for 12- 25 Tcf based estimates by the Company next door???
There is an ASX listed Company that has acreage offsetting these guys with a $125 million market cap called Central Petroleum... looks like lots of running room in this one!