TSXV:OOI.H - Post by User
Post by
freeon Feb 25, 2012 5:23pm
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Post# 19585935
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"An independent resource evaluation (the "Report") was completed on Block L9-50 by Petrotech Engineering Limited ("Petrotech") . Using probabilistic analysis, Petrotech assigned a total best estimate of Prospective Resources of 95,000,000 barrels of oil, for the twelve Leads on Block L9-48.
The Report provides an estimate of the potential gross undiscovered oil and gas prospective resources underlying Block L9/48 and is in addition to Petrotech's Report dated April 30, 2011, which addressed OOI's 100% interest in the PCA covering Block L14/50. Petrotech assigned a total best estimate of Prospective Resources of OOI's 100% interest of 23,700,000 barrels of oil, for the 5 Leads on Block L14/50.".......