TSXV:ART.H - Post by User
Comment by
justin_a_lyesseon Feb 26, 2010 1:29pm
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Post# 16824058
RE: RE: Oil recovery rates
RE: RE: Oil recovery ratesCyber, I was just quoting from Wiki about recovery rates. Of course in the Kurdistan region the recovery rates might be higher than average due to the permeability of the rock, type of oil ... etc. Heritage's expected recovery factor of between 50 and 70 % or even key gulfstone's quote that 30 to 35% are acheivable are incouraging for VST shareholders. Just goes to show that the estimate that VST has of 16 to 17% is on the low/conservative side.