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Wednesday, July 23, 2014 9:59:03 PM
Peter has gone on record saying:
Quote:
Our preliminary studies indicate that there might be a significant cretaceous play in Block 11. Basically, we’re talking about something similar to what we’ve seen in the Jubilee Field offshore Ghana. That’s what our geophysicists have concluded based on the spot seismic that currently exists. There are definitely structures that they see, which form a cretaceous exploration play.
The total proven reserves of the Jubilee Field is currently about 2 billion barrels of oil. It is in a much smaller area:
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