Wow for a min i thought u r right. The key is not the price of oil to increase or decrease the P1 reserve it is the MARGIN per barrel that has not change much in last 10 years to increase the p1 infact it has decrease a lot
I agree the technology has changed a lot from 1919to 2010 however it has not changed much in last five years for this big change in P1 reserve just based on price and also present technology when Kellco owned the asset in 2007
Pieces mate Thanxs for support I hope I am wrong however based all the past data on blue ridge dome production data from Texas log IMO there not much change in technology or margin to witness this big increase in P1 reserve Plus this micro well model is just not workable IMO DYOR
FDM Price at posting:
$1.15 Sentiment: None Disclosure: Not Held
