great announcement!, page-2

Ersoteric

they expect to produce 5 mill barrels over 12 years from just phase 1

the total area of 7500 acres has a reserve of 100 mill barrels and they say they can recover 35-45% of that.

So in all they could recover 35 to 45 million barrels

but lets work on just phase 1

5 mill barrels at say $50 per barrel, that is the price they say with costs out

this is $250 mill, ten times what they are getting from wind
so you see why I have said the real game is not wind

Now they say they will average 750 per day, that is 270k barrels per year, and times $50 is over $13 mill, per year, from one project,
from just phase 1

look brokers will get into this pretty soon, all it needs is for them to see all this, this has to be re rated

there is no value in this stock at present for reserves, yes they need to start producing some of this.