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Re: togf post# 25169

Wednesday, 06/30/2010 5:23:02 PM

Wednesday, June 30, 2010 5:23:02 PM

Post# of 45174
according to the press release they can draw down the 1.5 million barrels of oil from the humble project over 7 years

so

1,500,000/(7*(5500 barrels per year at current production levels))
= approx 40

meaning they would need a 4000% increase in production to acheive a full draw in 7 years from eor

I was expecting more like 10-15 times increase, now they are saying more like 40X increase in production?


not sure if anyone can get those kinds of numbers out of eor?

-real