Hi OBL Holders
Please correct if I'm wrong.
Oil reserves(bbls) = Reservoir area(m) x oil column(m) x 6.2
So for every square kilometer = 1,000,000 x 39 x 6.2 = 242 million barrels.
I think OBL used 72 sq km for the BR estimate before the drill.
So 72 x 242 million barrels = approx 17 billion barrels!!
Something wrong with my calculation? Otherwise it can't be trading at 3c.
I hope I'm right though. lol
potential oil reserves
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