oil to be had, page-62

WB
I Think you are meaning 5 mill recoverable.

Theres all sorts of things to take off from your calcs liket taxes royalties etc etc etc.

But yes even 5 mbol is not bad for starters.

200 BOPD is not bad most of the north american wells only pull this and are quite profitable.

Its very early days here for instance if recovorable oil is between 5 to 20 mil and can only use pump they would drill many more wells, imagine hundreds of wells pulling
200BOPD.

Woody your right you have to be carefull getting too hyped up with these plays.
But the SP reflects the risk if there was no risk and its what they think is there you can times the SP X 10.

Its high risk why do you think we still have people selling at .4 cent.

LWR