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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by EOIMon Dec 23, 2010 9:09am
245 Views
Post# 17887346

RE: Chia Surkh South prospect

RE: Chia Surkh South prospectMy guess is that the coming resource upgrade report using latest seisimic would show an expanded resource base particularly from the yet to be drilled 10 km anticline Chia Surkh South structure. I am looking at upto 200 million (P50) to 2 billion (P10) contingent resource for Chia Surkh South.
 
Using old seismic data, the discovered field has been assigned 132 million (P50) to 1.96 Billion (P10) barrels of contingent resource.

So I am predicting that the inclusion of recent morden seismic data, the resource upgrade next month result in a minimum 300 million barrels (P50) to 3.96 Billion (P90) contingent resource from only the Chia Surkh Discovery field and the Chia Surkh South structure.

If we conservatively add the potential resoures from the other 4 structures, we could be seeing something in the range of 500 million (P50) to 8 billion (P90) contingent resources!!!!!!!!!!!!!!!!!!!!
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