Adriano: I'm no expert, but doesn't the oil have to be extracted profitably to count as reserves? If there was oil in the ground which would cost $1,000 per barrel to get to the surface, wouldn't it count as zero?
I'm not saying MAD's reserves are zero, and I'm sure for various reasons they won't be revised to zero, but doesn't the above make it possible despite production occurring?
Correct me if I'm wrong.
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morgans report of 14/4 on website, page-67
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