Just had time to look into this. Antrims two largest leads that were given a combined ‘best’ estimate of 482mln barrels is made up mainly of gas. 127mln is one in oil, the other lead is gas. This is referring to lead C & M3. Europa estimate that the minimum economic prospect size is 100 ±20 mmbbls. Time will tell, but on the information we have so far. I'd go as far as saying its 70/30 in Europa' favour.
RE: Makes me laugh
But we have already passed the daily average.
not to be confused with SAW3 some one wants some pieces?? http://www.proactiveinvestors.co.uk/companies/news/70786/antrim-energy-soars-on-45bn-barrel-estimate-for-irish-project-70786.html
Makes me laugh
the SP lifts 5% based on a few £1000 of buys - what a dog this is - probably the worst PR led company on AIM
RE: Antrim Drill
That's right mate, this was taken from their Q1 report: "On the Porcupine trough offshore Ireland, where we have three blocks totaling approximately 2,600 square kilometers but presently interpreting the fast-track 3D seismic acquired last year, while we wait the final process versus we expected later in 2014. Again earlier technical work is very encouraging and leads and prospects are currently being defined and further identified. Following completion of our evaluation we expect to commence a farm-out effort here to secure additional partners towards the end of the year ahead of possible drilling as early as 2015."
RE: Antrim Drill
Also, the big question mark is why are Kosmos delaying the release? Well after following their SP and recent operational updates and placings, now would not be a good time to release this kind of news. They could also be in the deal flow for farming down their interests ready for a well next year. I am sure I read or heard on one of their conference calls that they did plan on completing the farm down by the end of the year....
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