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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)
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To: R F B, Jr. who wrote (179)5/12/1997 9:56:00 PM
From: Ed Ajootian   of 188
 
RFB,

The 60 mbo reserves number is what folks have speculated would be the
total proved reserves of the field once it is totally drilled out.
Right now they figure they've proved up about 20 mbo of with the
lower two zones that they tested in the Estero. They feel that the
two higher zones plus the increase to the size of the field that ultimately
come from them drilling the offset wells will ultimately lead to the
disovery of another 40 mmbo.

The offset wells have an extraordinarily high probability of success.
Figure 90% or so.

Wow, this is cool getting the name of the thread changed so quickly.
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