For the benefit of the ignorant, can you please put the information in the quote below into context (dollars and cents). I assume it means 250 billion cubic feet of gas and more or less 45 million barrels of oil equivalant. My ignorance is that I don't know if that is good or bad. It's just numbers to me. Thanks in advance.
"Mr K, the EEL board moderator and rep of the EEL SLG (Shareholders Liaison Group) has been further informed this afternoon that this gas find amounts to approx 250bcf.(ie ~45mboe). Regret being the bearer of this rather disappointing news."