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Noble one estimates 3-9TCF gas

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newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
15/11/2011 19:01

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Message 1 of 3 in Discussion



Does this mean 3-9 trillion cubic feet.They also say that the prospect has a 60 percent chance of geological success.Is this a big find,if it comes to fruition.And will it be shared with the North,



Paul.



AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
15/11/2011 21:52

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Paul

Noble has still not had a strike and their estimates of gas reserves is a lot less than what the ROC provided as original estimates based on their interpretation of seismic surveys.

Noble are saying there is a 60% chance that the undersea rock strata will produce gas. To me knowing what Noble are all about, I would say at the best for 60% then read 40%.



newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
15/11/2011 22:06

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Message 3 of 3 in Discussion

Cheers A.J.



Paul.



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