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