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Re: WLFE Stream Log
17:28 26/03/2015
Cornishknocker
0 replies 0 0

There is another major reserve upgrade to come if they are successful in getting permission for the Southern Extension, that is likely to add another 30-40% to yesterdays uprated reserve. So far the uprated reserve has not been factored into any NPV calclations, but I wold anticpate a 10-15% uprate in the NPV following both the news of the uprated reserve and 7 day working. Further exploratory drilling is also going to significantly increase the reserve, as there is a lot currently in the inferred category that cannot be included in the JORC compliant statement.

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