Sunday, April 29, 2018 8:33:20 AM
The most optimistic or exaggerated report I ever saw was upto 50tcf with a mean of 25tcf..... then you gotta wonder how much is "recoverable"..... bit with new tech and strategies more and more is recoverable, which is how they extended malampayas life by another 5 years or so which is huge.
Malampayas size was only 2.7tcd. So even if we recover 5 tcf it's a huge find let alone 25 or 50.
By some reports I read , some reports said directors were saying, we are "extremely " happy with further reports, etc, etc. makes me wonder if 9ycf or 10 is the more likely situation. Might have to make more than just one hole and then tie them all together, and some holes won't be worth drilling for smaller pockets.
Diversify so you don't have a heart attack like me being so heavily on one stock. But my cost is at .012 so I'm feeling good so far always a risk though.
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