Before the first appraisal well was drilled CNR pegged recoverable at about 150 million barrels.
Having assessed the results of Baobab-2x, the company now puts the figure at some 200 million barrels.
In parallel, Baobab's oil in place estimate has risen from 700 million barrels to just shy of 1 billion barrels.
According to Steve Laut, executive vice-president of operations, development planning for the block Ci-40 project is in progress with a target of producing first oil in mid-2004.
He
