evaluation ABDE Albania 9 targets only

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duncanmcl

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evaluation ABDE Albania 9 targets only

in response to

Re: Update

grimm

posted on Nov 21, 2008 10:08AM

The results of the economic modeling by Gustavson Associates LLC are summarized in the table below.

    Parameters             Oil         Oil with Gas Cap       Gas

                     Complete Partial  Complete Partial Complete  Partial
                     Success  Success  Success  Success Success   Success
    Oil production

    MM Blb            3'024    1'515     1'389    700     280         141
    MM Tonnes           413      207      189      95      38          19
    Gas production

    BCF               3'050    1'530    13'691    7'743   29'639   14'928
    BCM                  86       43       388      219      839      423

    NPV10 USD B    USD 18.6 USD 11.9   USD 9.7  USD 6.3 USD 10.8  USD 6.1

    Source: Gustavson Associates LLC, November 1, 2008

my comments
over 3 billion reserves potential value 10% 18.6 billion

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