RE: All this for £1.5M Mcap7 Nov 2022 10:14
taken from 29 September Rns
OML 141 - Barracuda Field
In March 2022, ADM announced the result of a competent person's report on the Barracuda Field in OML141, offshore Nigeria. The results of the CPR covering the Barracuda Field in OML141 show that, for the 2U (P50) case, the NPV10 is +$99mm with an IRR of 45% and, therefore, the prospect is considered to be robust for development, assuming at least 70mmbbls STOIIP is discovered.