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9.09% 1.2¢ emperor energy limited

Hi OBL HoldersPlease correct if I'm wrong.Oil reserves(bbls) =...

  1. Rich52
    734 Posts.
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    19/12/10
    17:13
    Post #: 7633908
    Hi OBL Holders

    Please correct if I'm wrong.
    Oil reserves(bbls) = Reservoir area(m) x oil column(m) x 6.2
    So for every square kilometer = 1,000,000 x 39 x 6.2 = 242 million barrels.
    I think OBL used 72 sq km for the BR estimate before the drill.
    So 72 x 242 million barrels = approx 17 billion barrels!!
    Something wrong with my calculation? Otherwise it can't be trading at 3c.
    I hope I'm right though. lol
    OBL Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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