Get set fellow holders.
If Backreef can deliver 300 Million barrels of black gold this is going to be the mother of all spec stocks.
More than a hundred bagger!!
I value it at about $10/share(for 300MBB) not including the potential multi Trilliions CF of shale/coal seam gas.
Belina oil field nearby oil source at higher level.
Backreef oil source is at a lower BASIN i.e Backreef holds a much much bigger volumn of oil and higher pressure too I believe.
Simple logic tells me Fluid flows from higher level to the lower level.
I interprete the geology unferneath as similar to Belina oil field. Anywhere this is my layman type of interpretation from the company presentation lol.
I am no geologist. DYOR.
Get set fellow holders.If Backreef can deliver 300 Million...
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