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bomfin - Thu, 02 Jan 03 :

I posted this a couple of days ago. It's a paste from a report compiled about Dana's AGIP buy. Anyone any comment to it's likely value if connected to Penguin B field. Also likely value if not connected.
bomfin


Block 211/8a Discovery
Block 211/8a lies 20 km northeast of Magnus Ĉeld, along the UK/Norway median line in the East Shetland
Basin. The main objective is the Triassic Penguin `B' horst, which trends south into Shell's Penguin Ĉeld in
block 211/13 and north into Norwegian waters.
The current block interests are:
Company 211/8a
Canadian Natural Resources (operator) 43.24%
AGIP (to Dana) 55.07%
Intrepid 1.69%
Estimates of recoverable hydrocarbons are dependent on whether or not the 211/8a-2 discovery is in
communication with the 211/12-1 discovery, which is now part of the Penguin Ĉeld development recently
sanctioned as a subsea tie-back to Shell's Brent platform complex. If the 211/8a-2 oil sand is isolated from
the Penguin Ĉeld, most likely recoverable hydrocarbons are estimated by the operator to be 22 MMstb of
oil and 66 Bcf of gas (17.6 MMboe net to Dana). Possible development scenarios include a subsea tie-back
to either the BP operated Magnus platform or through the Penguin development.


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