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Politics : High Tolerance Plasticity
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To: Aggie who wrote (552)2/28/2001 11:52:43 AM
From: JungleInvestor  Read Replies (1) of 23153
 
Thanks, Aggie! SEV gave more info in their meetng this morning. They had two consultants assess the recoverable barrels from the deep subthrust reservoir. Can't believe the huge difference between estimates - it's like they were assessing different reservoirs! Following are the recoverable barrel estimates (do you know anything about these consultants?):
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DeGoyler & MacNaughton:
Low estimated case - 0.6 billion bbl
Maximum estimated case - 3.3 billion bbl
Expected estimated case - 1.8 billion bbl
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Davis & Namson Consulting Geologists:
Low estimated case - 9 billion bbl
Maximum estimated case - 22 billion bbl
Average estimated case - 16 billion bbl

---------------

Subthrust Characteristics cited:
- Large aerial extent (6 miles wide & 30 miles long)

- Thick reservoir quality objectives

- Favorable timing of trap formation & migration

- Dynamic Petroleum system: surface seeps and subsurface shows in wells.
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