At that time in 2012 they didn't really dig any of the deeper wells. For me that's where a lot of the reserves are going to come from as they are virgin formations, and are likely to hold more economic oil than the shallow well area. For me I would expect something between 25m and 40m. Recoverable. Almost the whole lot in blue ridge, with a token about of 2 to 5 million barrels from boiling dome. Nash would be nothing. For me a share price of 18 to 30 cents would be about right for mad reserves.
FDM Price at posting:
37.0¢ Sentiment: Sell Disclosure: Not Held
