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Gold/Mining/Energy : Desire Petroleum -- Ignore unavailable to you. Want to Upgrade?

To: Oily1 who wrote (89)	7/27/2000 4:54:21 PM
From: ISPYOIL	Read Replies (1) \| Respond to of 417

HYPE Alert!!!!!!!!! The 60 billion bbls is the oil possibly generated from the source rocks. Most of it has probably not been trapped after generation. Of that this was not lost long ago, only some, if any, is present in reservoirs. Than you most assume a normal 20% average recovery of the oil in place in good reservoir rock. Net net 20% of 60 B's or 12 billion bbls would be an extremely aggressive estimate of actual recoverable bbls. This is not to say that several billion bbls of recoverable economic oil would not be possible. That is why Shell drilled presumably. Mixing oil in place or in this case originally generated by source rock is just SUPER B.S. hype.