RE: £6 million mcap23 Mar 2021 17:39
If the well was totally derisked ADME wouldn't be paying 1.5m more like 150m .. thats were added value and opportunity come in. What they do know is the well results and oil thickness and nearby fields productivity levels such as nambe creek .. so they can with reasonable calculation come up with 4000 opd ... usually in nigeria wells tend to exceed there origional estimates
as per rns
These reservoirs are similar to the high-quality reservoir in the Nembe Creek field which is located near the Barracuda field and has estimates of over 1 billion barrels of oil in place