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Post# of 361106
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Julius Erving

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Julius Erving

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Wednesday, 01/16/2008 8:35:23 AM

Wednesday, January 16, 2008 8:35:23 AM

Post# of 361106
Proven versus Probable

"JDZ Block 2 is adjacent to Nigerian Block OML 130 which hosts the Akpo field, with recoverable oil reserves estimated by Wood Mackenzie at 620 million barrels and natural gas reserves of 2.5 tcf. In 2006, CNOOC purchased a 45% working interest in OML 130 for US$2.3 billion."

Was this $2.3 billion 'proven' or 'probable' in 2006 ?

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