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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF)
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To: Richard Mazzarella who wrote (15)6/19/1996 7:59:00 PM
From: oilfinder   of 9164
 
I am quite familiar with the basin, and before Arakis came in the picture and drilled its new wells, the RECOVERABLE reserves proven by Chevron were in the 800 million barrels range. Which probably translates into 5 to 6 boillion barrels in place. The 20 billion barrels IN PLACE is conceivable with recoverable of 2 to 3 billion IMHO
Mike Dumestre
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