RE: RE: RE: New 52 week high lion petrolium owns block 2B
387 mm boe mean prospective
resources
• NI 51-101 report, Sproule, Calgary
• 17 prospective leads
• Largest lead 128 mm boe
Conclusions of NI 51-101 Report (Sproule, 2011)
– Acreage is prospective
– All components of a petroleum system are present
! mature source rock, reservoir, seal, and most likely traps
– Insu%cient old seismic to reliably map potential leads – more seismic needed
– Potential leads have very large closures
• Afren management estimate - 751 mmboe mean prospective resources
Estimate was done by sproul