RE:Trillions of gas/ billions of oil in Magallanes Basin of ArgIf you go back to one of the Raymond James reports, they estimate 100 million boe in Arpetrols Magallenes block.
RJ,s unrisked valuation was around $700 million, as I recall.
These are shallow reservoirs, in the 600 to 800 m range, with wells costing about $2 million each.
A 3D seismic crosses the block showing several prospects.
RPT will need a well heeled partrner to fully exploit this potentially rich source of gas and oil.
Its a nice asset to have in your back pocket..