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Re: Julius Erving post# 120556

Thursday, 03/20/2008 12:18:52 PM

Thursday, March 20, 2008 12:18:52 PM

Post# of 361695
He's saying that Block 2, by his calcs based on Addax's report, has proven and probable risked reserves of 800 million barrels. We own 22%. That's 176 million barrels to us to us without having to spend a dime to find. A fully costed barrel in place is worth about $8. What's a fully carried barrel worth? This is only on Block 2.
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