how many barrels of oil is a stock tank barrel? It is the same as a normal barrel? At the current prices, 11 million doesnt seem great even if they do prove up further resources.
At what SP would you place on erh, at current oil prices if they prove up 3000 bopd and 20 million reserves. Or is the consensus that the reserve will be far greater.
Roc oil for example are producing, have over 200 million barrels of reserves and the market cap is set to fall well below 250 million.
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