02-23-2013, 12:20 PM
'petrengr1' pid='17646' datel Wrote:John- Google "Interoil degrees API". Don't get the wrong Interoil. Looks like it has ranged from 33 to 47 degrees API.
Hmmm.... per the following PR regarding Elk-4... the condensate is 48 degrees API gravity !!!! Now, it could be that the condensate in the Antelope portion of the structure is "lighter" (ie, has a higher API gravity), but, I'll go with the 48 degrees until someone proves otherwise.
My point remains this: this is going to go for a much smaller discount to Brent crude than we think !!!! AIMHO 
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLJi34HiyBVo

