Angry wrote:
Now on phase1 alone, they expect to produce 5 mill barrels, now this is part of the 7500 acres so they work out the % of phase1 compared to the total 7500 acres.
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I wrote that this initial stage appeared to be 500 acres. That's how I read their statement. Do you not agree.
I will repeat their statement and my understanding for youThe Company anticipates that success of this 500 acre demonstration project could lead to an expansion of the Company’s operations in stages until over 7500
acres are under production at any time, resulting in an expected Project life of 20 years or more
So, if this 50 well project on 500 acres has a life, they say of 12 to 15 years, how does a 7500 acre project ( 15 times the size) have a life of 20 years?
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