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Vanoil Energy Ltd VNLEF

Energy Oil & Gas E&P
Vanoil Energy Ltd is a Canada based company engaged in the acquisition, exploration, and development of crude oil and natural gas properties in Kenya and Seychelles. It holds interests in two onshore blocks, 3A and 3B, in Eastern Kenya. It also holds interests in Areas A and B located in Seychelles.


GREY:VNLEF - Post by User

Vanoil Energy Ltd
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Comment by PapaFritzon Sep 24, 2013 4:34pm
198 Views
Post# 21764344

RE:RE:RE:RE:Dear Vanoil

RE:RE:RE:RE:Dear VanoilThanks guys, appreciate the info. I hope like heck that there's oil where there's smoke!!
I have a feeling that VEL's estimates of 600 M/Barrels is based on the resource estimate by Sproule?

The "low" estimate for VEL's Gross Unrisked Prospective is 520 Million which is the closest number on the chart to their estimated 600 m/b? Just a thought, hopefully the drills will start turning soon and news flow will improve.

Link to Sproule chart:
https://www.vanoil.ca/i/pdf/Table_S-2_Vanoil_RISKED_UPIIP_&_Prospective_Resources.pdf
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