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Re: midtieroil post# 316446

Sunday, 06/12/2016 8:19:19 PM

Sunday, June 12, 2016 8:19:19 PM

Post# of 361285
I'll use your numbers... "If we use a 20% COS Tarach would be 13.2 million if we compare on an equal basis"

Ngamia went from 45M estimated to and upside of 2B barrels. That's an increase of 44X

Using your number, 11A's 13.2M risked and blessed by YOU could reach 580M barrels... that's 44X original estimates, and this basin has oft been compared to Lokichar. Our results could be worse, but they could be better, much better.

That makes this a $30-$50 stock if all goes well.

CEPSA jumped on this for a reason.


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