RE: OPERATIONS UPDATE - 7TH NOV30 Nov 2018 09:50
08.32 - Jiddy; a good reminder. I should like to add a further reminder (especially in the light of some recent posts on this bb) HRZ: 3.6 billion barrels (internal estimate).
That, DW reminds us, is from only 271,119 acres. Why did we put in so much effort into having 'captured' 'the vast majority of HRZ play' (DW, Feb 2017)? That has now resulted in 690,000 gross acres ~ 400,000 aces net to 88e. Extra acres amounting to 418,881 could reflect very favourably on 3.6 billion barrels estimate (5.56 bln more). Total on which to reflect: 9.16 billion barrels(!) VGLA!!