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UKOG today announces that, as a result of the analysis and integration of subsurface data from the Horse Hill-1 ("HH-1") discovery well, in which it holds a net attributable interest of 14.56%, the calculated estimates of the discovered most likely gross oil initially in place ("OIIP") within the overall Upper Portland sandstone conventional reservoir in the HH-1 and Collendean Farm-1 ("CF-1") structure have increased by over 250% from the 3.1 million barrels ("mmbbls") reported on 24 October 2014, to a current most likely OIIP of 8.2 mmbbls. Similarly, calculated estimates of low case (P90) discovered OIIP has increased by nearly 400% to 5.7 mmbbls and high case (P10) OIIP volumes show a 250% increase to 12.1 mmbbls.
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For the DTM chaps.
DTM Early Birds is a discussion created by BuyBAO on 30 Jun 2014.
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