The burning question, page-15

No Sp.

Ive simply moved to a more less risked position that is related to PRODUCABLE bbls rather than talking of the Oil In Place which is related to the WHOLE of the oil contained in the Basin Model, that being the reservoir, the migrational routes and the source rock.

Break these down and you DONT have multi billions !!!

THAT WAS ALWAYS THE CASE if readers look back to my previous posts.

There was no mention of risked means etc which becomes important when talking aboute RECOVERABLE LOW RISK OIL.

This being said we still havnt see a breakdown of the hydrocarbon types and API figures.

I have seen conservative geo figures for the HRZ up around 38 API and these would be based on Great Bear numbers I would think.

If so this stuff will be worth more it has to be processed less to get the higher quality oil products.

This wont affect reserves/recoverable BUT it will affect the end price paid for their product.

d.