Originally Posted by
boysy
Yes jdg oel certainly should get a boost from a likely reserve upgrade. Will be interesting on how oel will react to the reserve reassessment figure as the last one ndo did in 2008
mid-2008 Nido commissioned Gaffney, Cline and Associates (GCA)
Phase #1 phase #2
1P 15.9 MMstb 3P 56.8 MMstb
2P 24.6 MMst
meanwhile oel have done there own reserve estimate and came up with a much smaller figure. Quite interesting to see the different reactions from NDO after OEL came out with there figure they did not want to endorse OELs finding but wanted independent certification.I believe on this was discussed on this thread previously as there are advantages for oel to understate or be overly conservative on the reserve front. This should surely add a bit more coverage if the reserve estimates increase and would certainly put a rocket up the galoc phase 2 participants at it. Yep turkey is a nice little play might as well keep drilling if they belive that hit rate stays high its all incremental income .