Hi guys
I had anothe rlisten to the broadcast and looked up the company that had discovered over 150 million barrelts in the eara of Kern County.
This is what I found:
Occidental Petroleum
http://www.oxy.com/Investor_Relations/Documents/Earnings/OXY2Q09ConferenceCallSlides.pdf
(Pages 16 - 19 are of interest is you check out the pdf file)
KERN COUNTY DISCOVERY AREA?
Oxy believes there are between 150 mm and 250 mm gross barrels of oil equivalent reserves within the outlined area where we have drilled 6 wells to date.
Oxy's interest in the discovery area is approximately 80%.pproximately two-thirds of the discovery is believed to be natural gas.
The discovery area's producing zones, whose areal geological extent is still being defined, consists of conventional oil and gas bearing formations.
It is probable that there are additional reserves outside the defined area.
.................
Now going on this discovery by Oxy and their upbeat view of the area I think it would be fair to believe that QPN's acerage in this area could have increased and that there is considerable interest in the area's potential.
Hi guysI had anothe rlisten to the broadcast and looked up the...
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