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Re: balance_builder post# 36391

Saturday, 03/25/2006 10:06:41 AM

Saturday, March 25, 2006 10:06:41 AM

Post# of 367092
second only to Saudi Arabia ?????????????????


This is a very bold statement, excluding Canadian oil sands, the second is Iraq with 112 bil barrel of oil (2002 data), so we are talking about over 100 bil here. Boy, boy, I really really wish it's true because even erhe only gets 10% of that, we are talking about 10 bil here, with a low ball estimate of $5 per barrel, that will put a price of $70 per share on erhe.
Oh boy I am hearing my heart pumping.

But as they say in science, extraordinary claims need extraordinary evidences. One well in Block one can provide evidence for 100 bil barrel ? I am happy with 10 bil right now.
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