they mention OVER 90 million barrels!
because its light sweet crude i would say at least 60% recoverable.
which equates to 60 million barrels.
at $20 aus. inground value given near term production(< 6 months).
i have a value of 1.2 billion dollars!!!!!!!!!!!!!!!!!!!!!!
= $ 8 a share.
bargain!!!!!!!!
ps. see my previous posts on AED
they mention OVER 90 million barrels!because its light sweet...
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