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tte, what are you thinking?, page-4

  1. bcsiles
    2,057 Posts.
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    11/12/13
    22:18
    Post #: 12689311
    Also reserves show that there are 11mmbls of oil in the ground.

    Therefore

    Producing 110bopd means

    110*23*365= 900,000 barrels a year

    Therefore, these wells can be running for 12 years, before oil is depleted.

    GEV Price at posting: 2.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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