NGP27 Oct 2011 08:12
This is looking better and better, we could even get a booooooom now.....
"Niche is delighted to report the considerably upgraded recoverable Reserves net to Oman Resources on Block 4396, together with substantial recoverable Resources upgrades. With a convertible interest in Oman of 35.7% this report strongly underpins the value proposition of Oman. With Reserves currently reported on only one of Oman's four blocks, and significant progress being made to understand the reservoir potential across the assets and bring wells into production, we are confident of further substantial upgrades in recoverable Reserves, such that Oman Resources with its partner, ARAR, will transform Turkey's recoverable gas volumes."