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Howardhaftel

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Howardhaftel

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Friday, 07/16/2010 2:06:58 PM

Friday, July 16, 2010 2:06:58 PM

Post# of 42997
How much oil is in Tasmania?
We just don't know at this time and its not a simple question to answer. Why because each dome has to be measured to determine the volume of the oil pool.
I have heard estimates all over from 1 billion to 100 billion barrels but what good are these estimates. NO GOOD! There is oil there I am sure of it, but to calculate the value of each share based on the quantity of oil and the net market price at the time of sale can not be done at this time. But the time will come when we can.

This is only my opinion!

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