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b2r

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Alias Born 02/26/2009

b2r

Re: bunyip post# 3062

Wednesday, 04/01/2009 7:14:24 PM

Wednesday, April 01, 2009 7:14:24 PM

Post# of 42999
Based off of current information it is estimated that there is a 90% chance that there is 600 million barrels, 50% chance 1.3 billion barrels and a 10% chance of 2.6 billion barrels. These are prosective possible odds. At this time there is 0 proved reserves only prospective probabilites. So the 50/50 chance is if it were proven there is oil based on the known geology it is estimated that most likely estiment on the geological structures they would hold 1.3 billion barrels. Again these are probabilites based on sesimic data. We drill we get oil we do 3D sesimic and step out wells then we get proven.
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