If we look at the 2 main fields their INTERNAL GUESS is 20Tcf of gas in place - That equates to 3.565B barrels of oil equivalent !!! OK lets say 30% recoverable that's just over 1 Billion Barrels potentially. I know on XEL Rupert Cole the CEO is expecting at least 10$ per barrel for their oil so lets apply that and we get about $10B value or £666M odd !! Or about 21 times where we are now !!!! I love these totally inaccurate extrapolations but it does make you think
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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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