The Conversation (0)
Candax Energy Inc. (TSE:CAX) reports that a workover on the Robbana-1 well started on March 15, 2011.
Candax Energy Inc. (TSX:CAX) reports that a workover on the Robbana-1 well started on March 15, 2011.
The press release is quoted as saying:
Petroleum Insights Sàrl (“Petroleum Insights”), an oil and gas consulting firm with the assistance of Denver-based MHA Petroleum Consultants LLC, has completed its study on the Robbana field. Based on their analysis of pressure response data from the field during its 17 years of production history, Petroleum Insights has calculated a range of 18 to 25 million barrels of oil in place. Petroleum Insights has also forecast 4.3 to 5.8 million barrels of recoverable oil for 100% of the field (Candax has an 80% working-interest).
Click here to access the entire press release