The new website has no details about Kisaran like how big it could be. Anyone know what we are looking at potentially?
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The new website has no details about Kisaran like how big it could be. Anyone know what we are looking at potentially?
(about this drill):
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The Parit Minyak Field has a potential resource range of 16 MMBO to 33 MMBO within the Pematang-8 and Pematang-4 sandstones based on the Parit Minyak-1 control well and existing seismic.
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(about the Kisaran PSC)
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Over nineteen prospects and leads have been identified with gross unrisked prospective resources of more than 300 MMBOE. The primary objectives of the identified leads are Sihapas and Pematang sandstones at depths between 1500 and 3500 m.
TUI was initially estimated to be 26.8 MMBO so this could be as big as TUI - only this
time NZO has 22.5% instead of 12.5%.
If we just assume the middle of the estimates it adds maybe 6 MMBO of reserves for NZO.
Current sales value of that would be approx 600m USD or 750m NZD, so minus royalties and
production costs NZ$1 per share of added value could be in the ballpark.
People.
If you are going to try valuing the worth of any oil extraction then you are going to need to try and understand how the regime works in Indonesia.
So read the relevant parts (Section III) of this Guide from PWC.
Then you may be able to come up with more realistic figures.
Best Wishes
Paper Tiger
Lets not speculate on what may be causing the S/P to go below 70cents on a dry well, or God knows where it may go if it is a gusher.
Rather stick to the olde DO-NCYCHBTH!!!!!!
Don't think we can read too much into that transaction Moosie.
A few buyers starting to line up @ 86c I see
.
Price Volume Time Cond 86 2,500 11:50 SP 86 2,000 11:23 SP 86 1,000 11:22 86 20,000 11:21 SP 86 500 11:00 SP 86 4,000 11:00 SP 86 500 10:14
Not a big volume but most "Off market or Special"
Good sign or not ???
And a parcel of 1.2mil shares, just after lunch, simmering interest showing