OTCPK:MAUXF - Post by User
Comment by
CalifDreamingon Dec 24, 2011 7:23am
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RE: reserves
RE: reserves 120MM bbls gross seems way too high. U9 is targeting a smaller structure than Umu Main which is only 12MM bbls 2P net to MMT.
That said, U9 still has more potential with the deeper sands they are about to drill - and I'd be surprised if the deeper sands didn't extend over a large areal extent - so if oil charged, could add a significant chunk of new reserves.