Forget Arakis, look at Abacan Message Board

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Gold/Mining/Energy : Forget Arakis, look at Abacan

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To: Nikole Wollerstein who wrote (13)	10/25/1996 9:51:00 PM
From: oilfinder	of 18

Just joking around ! Arakis had a nice spike up yesterday (see the thread). I will check my notes on the Seme field of Benin, which I evaluated in the late 1980,s. I will apply the same reservoir parameters to those of Abacan, since it is the same age formation (Turonian) They were also deeper shows at Ise level at Seme, but I believe that the reservoir characterisitcs were not that great, and until 1986-87 these deeper levels had not been put on production. I believe the taxation system in Nigeria is quite brutal, which would affect the ultimate value of the reserves. If you know the details on it I would appreciate knowing them Thanks Mike Dumestre

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