TSXV:CLAS.H - Post by User
Comment by
hockeylad33on Feb 28, 2012 7:12pm
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Post# 19601364
RE: RE: news !!!!
RE: RE: news !!!! Back of the envelope calcualtion on Mani-1 recoverable reserves gives me about 400K boe. Assumptions:
75 acre closure, 20% porosity, 20 ft net pay, 20% recovery factor. Very ballpark, but certainly not a huge find. Hopefully this was already priced in by the big biys, but I have a sneaking suspicion we will see a sell-off tomorrow.
On the positive side, anticipated 350 acre closure at Flami-1.