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bhumiartha

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bhumiartha

Re: Real Madrid post# 1530

Wednesday, 06/18/2014 2:37:02 AM

Wednesday, June 18, 2014 2:37:02 AM

Post# of 2595
It's up on their website too:
http://deepwelloil.com/DWOG%202014-05-28%20See%20Thru%20Equities.pdf
Real Madrid, the upside is that once they get sustained oil flow, they can apply to have the contingent resources upgraded to reserves. That will value the oil higher, as contingent resources carry a much lower value than reserves. Plus they haven't really done the full exploration on about half of their land.
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