The following is an excerpt from the Ryder Scott’s Resource Evaluation Report dated
December 2009:
The following charts display the resource allocation for all of Rodinia's land holdings on a gross acreage basis. The calculations provided demonstrate either 100% gas or 100% oil and they cannot be added together.
| Total Estimated Undiscovered Oil Resource Volumes by Area As of December 31, 2009 |
||||||
|---|---|---|---|---|---|---|
| Unrisked Undiscovered OOIP (MMstb) | Unrisked Prospective Resources - Recoverable (MMstb) | |||||
| Low | Best | High | Low | Best | High | |
| South Australia | ||||||
| PEL 253 & Western PEL 81 |
72,286 | 129,476 | 211,634 | 16,753 | 31,786 | 54,506 |
| PELA 303 & Eastern PEL 81 |
6,784 | 12,847 | 22,651 | 1,612 | 3,165 | 5,806 |
| PEL 351 | 30,081 | 53,883 | 88,074 | 6,972 | 13,228 | 22,683 |
| PELA 445 | 7,753 | 13,886 | 22,698 | 1,797 | 3,409 | 5,846 |
| Western Australia | ||||||
| EPA 14/08-9 | 94,943 | 170,069 | 277,984 | 22,006 | 41,751 | 71,595 |
| EPA 15/08-9 | 73,539 | 131,728 | 215,315 | 17,045 | 32,339 | 55,455 |
| Total | 285,386 | 511,889 | 838,356 | 66,185 | 125,678 | 215,891 |
| Total Estimated Undiscovered Gas Resource Volumes by Area As of December 31, 2009 |
||||||
|---|---|---|---|---|---|---|
| Unrisked Undiscovered OGIP (Bscf) | Unrisked Prospective Resources - Recoverable (Bscf) | |||||
| Low | Best | High | Low | Best | High | |
| South Australia | ||||||
| PEL 253 & Western PEL 81 |
81,796 | 147,492 | 241,708 | 65,116 | 117,669 | 194,034 |
| PELA 303 & Eastern PEL 81 |
6,827 | 12,865 | 22,468 | 5,388 | 10,276 | 16,921 |
| PEL 351 | 34,040 | 61,381 | 100,590 | 27,099 | 48,970 | 81,615 |
| PELA 445 | 8,772 | 15,819 | 22,583 | 6,984 | 12,620 | 21,033 |
| Western Australia | ||||||
| EPA 14/08-9 | 107,440 | 193,713 | 317,487 | 85,531 | 154,560 | 257,599 |
| EPA 15/08-9 | 83,219 | 150,042 | 245,913 | 66,249 | 119,716 | 199,526 |
| Total | 322,094 | 581,312 | 950,749 | 256,367 | 463,811 | 770,728 |
The resource potential of Rodinia's 17.3 million gross undeveloped acres of land in the Officer Basin was independently assessed by Ryder Scott as of December 31, 2009 in the Ryder Scott 2009 Resource Report. The unrisked, undiscovered, prospective (recoverable) resources based on the best (P50) scenario total 125,678 MMstb of oil or 463,811 Bscf of gas. Readers are cautioned that there are no wells penetrating any of these structures and therefore the uncertainty in these estimates are very high. These volumes are an arithmetic sum of multiple estimates of the unrisked, undiscovered PIIP, which statistical principals indicate may be misleading as to volumes that may actually be recovered. The resource estimates presented in the Ryder Scott 2009 Resource Report were prepared in accordance with the Canadian standards set out in the COGEH, NI 51-101 and Canadian Securities Administrators Staff Notice 51-327. Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have two risk components, the chance of discovery and the chance of development.
Click here to view the Ryder Scott Resource Report in full.