fair value of range, page-31

Shrewdy 'ol buddy,
I have just come back from my bible study class (but we dont call it the bible in our religion)
We have been studying the wells of Bershiba ( sort of like WNL stuff )

Just thought that I should point out to you that I too don't base any investment, spec or otherwise, on faith and hope.

Time to fire up the 1943 6cyl RR powered ferret again and move it down the drive way a bit so that I can back the aslavs out to see if I can rent'em out again in the horn.))
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Rupes,
so, how many wells of Bershiba are there...
what, did you go home 30 minutes later... haha... jokes...
I know that you are one of the most prolific posters around
but that doesnot mean that you can prepare any better compared to the rest of us....
If you dont agree with my probabilities then your research means nothing...
5-10% discovery/flow test, possible economical extraction...
2-3% major discovery...
less than 1% for major discovery, development, and full production of recoverable reserves...