That's not recoverable figures Fred, just potential resource. Oil discoveries usually about 5 - 7% recoverable, so maybe, 300m barrels sold, about $15b over 30 years. Maybe 500m revenue a year. More real numbers? (but that would be 27,397 barrels per day so still not likely unless we get lots of good pumping wells). Just for reference Melbana claims a ten billion barrel discovery so what their NPV?
IVZ Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
