RE: RE: Conference CallWe will see next week, it's difficult to estimate the recovery rate based on the info Tethys released, for example, you have no idea about the drainage strategy that they will use, will the inject gas or water or just go for depletion? With injection, the number i gave could increase by 50-100%.
I beg to differ on the 3 USD/bbl, I'd say it's more in the 6-7 range. You have to remeber this is light sweet crude which will fetch a premium on the Brent, the only obstacle is the 300km pipeline they have to build.
Doris is just the beginning, there could be 5-10 Dorises in their block, this is why I'm in this share, despite Dr Robson's frivolous spending on champagne and caviar ;-)
Darcy