RE: Compnay worth 18-25p on Heron alone24 Oct 2019 09:28
This is the best bit.......The Company had assigned a pre-drill resource estimated for the Heron structure of 165 million barrels of in place oil, with 25 million barrels (P50) recoverable resource, based on a recovery factor of 15%. The Heron-1 flowrate is very encouraging and could indicate that the assumed recovery factor is too conservative,