Thursday, April 20, 2006

Afren Analysis Supports Billion-Barrel Claim For Block 1

An analysis conducted for Afren Corp., a minority partner in Block 1, bears out the reports that the block where ChevronTexaco has apparently already encountered oil could contain more than a billion barrels of oil.

Found by JDZ board moderator instructmba on the Internet, the analysis examines some of the high-risk issues in deepsea exploration but concludes the structures in Block 1 have a 56 percent chance of producing oil reservoirs as large as 1.1 billion barrels.

The report is at:

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