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Re: mrbizzard post# 2257

Tuesday, 06/04/2013 1:18:46 PM

Tuesday, June 04, 2013 1:18:46 PM

Post# of 7693
New PR today. 13.1M BOE X 19 Sections X $91/BOE = $22.5B Reserves for South Sun River.

According to the report by Dr. Lopez, Norstra's roughly 19 sections of the South Sun River Bakken Project are estimated to contain original oil in place of a high of up to 16.7 million, an average of 13.1 million and a low of 9.5 million barrels of oil in place per section, based on existing historical data. Reserves in the area are still classified as "undeveloped."