GREY:MGMCF - Post by User
Post by
shambano1on Jan 28, 2013 4:38pm
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Post# 20901952
quote from HSE executive during conference
quote from HSE executive during conference "The real prize there is the amount of oil in place, 20-90 million barrels per section, a lot of density of oil there. It is a very complex, remote area that isn't the easiest place to operate, but we think the prize is significant."
that's a big range 20 to 90 million barrels per section. do you think they can narow that down one they get some results or do they need lots of wells to narrow down the barrels per section.
This is all engineering work that will be done to come up with a proven reserves.
I just don't understand how many wells are required to come up with proven reserves and get them booked.
DYODD