Investment Notes22 Apr 2021 10:02
Just wanted to share some figures with the board.
It really does put the size of this into perspective!
Investment Notes Baron Oil
Timor-Leste 25% Interest Offshore
Drilled by Shell in 1998, 25m gas column estimate 700 Bcf OR 124675 Million barrels of oil
UKCS P2478 -Inner Moray Firth 15% Interest Offshore
174 Million barrels of oil, with potential for 396 Million barrels of oil
Peru Block XXI – El Barco 100% Interest
Low risk oil sands
Unrisked P50 recoverable Prospective Resources for the low-risk Mancora Sand are estimated internally by Baron to be 14 BCF OR 2493 Million barrels of oil
Please read those figures again, this could be an absolute giant! MC Currently £7mil