if any of you have even the slightest interest in the lgo board you will know a poster called onceatrader. He is possibly the best poster I have seen on LSE.
Aniyway suffice to say he really seems to know his stuff. He mentioned last night that a if a company has financing in place for and with a detailed field development programme then the wells outlined in the field development programme will move more resources to P1.
How is this relevant to FRR. Well given what we know it's not really. We could draw lots of could be's with it. I just thought Id mention it as it was interesting.
"According to the recent competent persons report on the block, RJ-ON/6 has proven plus probable reserves of 872 billion cubic feet equivalent of natural gas. And Indus' accountants believe that this resource could be worth $2.3bn to the company, before capital expenses, or $1.8bn net of capital expenses."
Just think what our reserves should be worth, if the amounts are anywhere near the estimates! Don't forget we have suppose to have 11tct with 9tcf recoverable on mk alone.. That's 10 times more at least. Food for thought.
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