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YankeMike

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YankeMike

Re: bayfisherii post# 135530

Monday, 07/21/2008 11:46:00 AM

Monday, July 21, 2008 11:46:00 AM

Post# of 361652
I would say over $10 per barrel for proven undeveloped reserves. It could be as much as $15 per barrel. As a rough estimate, you can just take the price of oil and divide by 10. As you point out though, there are several variables!
Mike
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