Category Archives: Zengas

Zengas – On BIRs

If the recovery factor lets say is 30% which GKP have even used in their presentations, that’s putting the 15% back in rights on a P50 of 10.5 billion bls worth some 475m bls reserves (and the KRGs 20% equal to 630 mmbls). That’s before any upgrade in OIP numbers. So if it was 15 Continue Reading
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Zengas: Re the OIP upgrade

Re the OIP upgrade – 6th December 2010. Bijeel. Based on the updated geological model of the accumulation, the calculated petroleum initially in place (PIIP) at P50 is 2,419 MMBOE in the Jurassic formations of the Bijell structure”. Given that Bijeel was a ***21 km2 structure***, and now ascertained to have a 2.4 b boeip Continue Reading
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Zengas on LGO production RNS

Lat October at the date of the Goudron deal “The current production comes from a small number of active wells out of a total of 152 The field has had very little investment over the last 25 years, and the existing production comes from about 30 wells, of which 12 are on production with beam Continue Reading
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Zengas: Two posts from Advfn

Post 1 There is no reason for the price drop as there is at many oil companies and imo the seemingly sensless bleating of management blame/somthing must be wrong – well imo – It’s general market conditions, financing thoughts in the wider macro economic picture. Why oh why people contine to blame the company when Continue Reading
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Zengas: Shaikan Super Giant

Imo keep this in perspective and what we are dealing with re Shaikan because value will out. From DNO Based on our current estimates we expect the gross ultimate P50 recoverable reserves for Tawke to be in excess of 500 million barrels,” says Managing Director Helge Eide. http://www.dno.no/investor-relations/shareholder-service/se-notifications/2011/update-on-reserves-estimates-for-the-tawke-field/ That’s a 1.75 billion barrel oil in Continue Reading
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