InvestorsHub Logo
Followers 12
Posts 1310
Boards Moderated 0
Alias Born 10/05/2006

Re: manuel06 post# 250444

Tuesday, 12/13/2011 8:45:58 PM

Tuesday, December 13, 2011 8:45:58 PM

Post# of 361106

For those who would compare geology from AKPO to JDZ,this is what prelim was like.
Akpo Deepwater Discovery Disappoints Total

Total Fina Elf's much-hyped deepwater discovery in Nigerian oil prospecting license (OPL) 246 has turned out to be less significant than first thought.

According to information and documents compiled by Total, the two Akpo exploration wells drilled so far have found estimated reserves of 200 million barrels of crude and condensate in place.

This means that, as matters stands, the Akpo field is not in the same league as other major deepwater finds in West Africa. Indeed it is well below most previous estimates, some of which had suggested reserves of more than 1 billion bbl.

http://www.highbeam.com/doc/1G1-67920173.html