reserve valuation

We have 3 wells 2 agreed by By Buy .
The first well was a free hit , to participate the buy back provision would require buy to pay there share of the drilling costs . Since fhis is a discovery the funds raised today may very well go to paying to participate in this Well. The second well is also a discovery with what seems to be an even bigger oil column we have had two discoveries. Buy are no moving to well three which they will also participate 40% in and have 40% exposure. So in summary Buy are likely to producing from at least two maybe three new wells. Importantly though the seismic shows that today's field may contain 1.8 million barrels of oil and it also proves the concept of an oil system at a shallower level therefoe opening up alot more prospective . So those interest in buying a company that may see a step change in its production profile, read the last few announcements -
For those day trading or looking for a quick clip - the above may be irrelevant