Not a bad little model to feed new data into as it comes to hand. They currently discount the probability of an oil discovery from the usual 10% to 1%.
Ergo, when Range reveal the data from the old 1980's Conoco findings we may see probability raised back to the usual 10% or above.
So that brings the SP up to 46 cents right ? :)
ereasearch report states 19 000 000 000 barrels, page-5
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)