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Re: YankeMike post# 129315

Sunday, 05/18/2008 10:56:41 PM

Sunday, May 18, 2008 10:56:41 PM

Post# of 361445
<If Blocks 2 through 4 contain just 5 billion barrels>
Wow !!!!

But... back to Reality on the Ground ...

Addax says publically 1 Billion Barrels in
JDZ BL 1,2,3,4 is ADDAX's share [risked and unrisked]
Addax has .....
40%/14%/15%/38% respectively [1-4]

We will all hope and pray they have underestimated by 500%
and while I conceed they are probably being conservative to their shareholders

- we should be logical and rational going forward

However as we approach first oil and as a good friend just finished watching Academy Award Winner Daniel Day Lewis in There Will be Blood [I recommend it highly for all Oil enthusiasts]

it sure will be sweet when the oil comes up