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History/Oil Prospects

April 18th, 2013 · No Comments

Eight and a half years ago Wayne Andrews was still at Raymond James and Interoil thought they were going to become a major integrated OIL company. I believe no thought had been given to massive gas discoveries, condensate stripping plants (CSP’s) and LNG plants with the associated required infrastructure.

They thought they might have as much as 4.6 Billion Barrels of oil in 10 prospects with the oil being split between the Pale Sandstone (2.5 billion Bbl) and the Miocene Limestone (2.1 billion Bbl).

Petengr1 via History/Oil Prospects.

Tags: IOC