Given this is a heavy oil, the in ground value would very much be at the lower end... given recovery factors likely only in the 5-15% range... maybe higher with EOR. Depends also if you are talking in ground value of recoverable resources or in ground value of the total oil in place.
It all comes down to the well test in a couple of week's time for me... will give us a lot more information about a potential development.
If we start getting to the $700M++ market cap range though.... I'll be unloading...
Ann: Total depth called for Alameda-1, page-303
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