"Classifications or Grades API gravity is graduated in degrees on a hydrometer instrument and was designed so that most values would fall between 10 and 70 API gravity degrees. Generally speaking, oil with an API gravity between 40 and 45 commands the HIGHEST PRICES(my capitals for emphasis)"
So 48.2 degrees API for the oil in Marino-1 is definitely a GOOD DROP.
Let's hope for quite a few good drops, hey!!
Cheers.
DLS Price at posting:
79.0¢ Sentiment: Hold Disclosure: Held