250 million barrels , page-9

At the September 2006 Good Oil Conference, Ross Wecker said the company had more that 150 million barrels of oil in place in the Flax and Juniper fields. Now it is known that the Flax and Juniper fields are joined, the effective field size has at least doubled. 30% recovery is being achieved in similar fields elsewhere in the world so it seems to me that the company will have around 100 million barrels of oil to sell. This analysis is clearly inconsistent with the current share price.