That is on only approx 37.5% of the land area. 196 Million barrels. We dont know how much the rest of the land will hold, but if it was as good (and I am not saying it will be) it would equate to 522 million barrels.
The following is on only 1 1/2 sections of land now permitted. (the SAGD and the HCSS projects)
We now know the amount of oil attributable to DWOG via the SAGD
15,681,000 on 1 ½ sections Total
7,806,000 HCSS Probable attributable to DWOG 03-30-2012 PR (DWOG)ex-cerpt below
7,875,000 SAGD Probable attributable to DWOG 01-28-2014 PR (POE)ex-cerpt below
19,557,000 1 ½ sections Total
9,370,000 HCSS Probable and Possible Attributable to DWOG
10,187,000 SAGD Probable and possible Attributable to DWOG
HCSS
D&M assigned Probable and Possible reserves (2P and 3P) on the half square mile of land designated
for a pilot project. D&M has estimated that in that portion alone there are Probable reserves of
7,806,000 barrels of heavy oil and Probable plus Possible reserves of 9,370,000 barrels attributable to
Deep Well's working interests before adjusting for any Provincial or potential royalties ("DWOG's
portion"). It is anticipated that Proven (1P) reserve category also can be assigned once production
commences on the pilot project.
SAGD
DeGolyer assigned Probable and Possible reserves to one and one half sections out of 68 sections
of the Company’s lands in the Bluesky reservoir, also known as the Sawn Lake field, designated
for two Alberta Energy Regulator approved thermal recovery projects located in the Peace River
oil sands area of Alberta. DeGolyer has estimated that in these sections alone there are Probable
reserves of 15,681,000 barrels of bitumen (oil sands) and Probable plus Possible reserves of
19,557,000 barrels attributable to the Company’s working interests
