InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,425.51
(
-0.11%
)
US TECH 100
19,165.20
(
-0.01%
)
Dow Jones
38,472.42
(
-0.30%
)
Brent Oil
82.77
(
0.78%
)
Bitcoin
65,137.73
(
-2.25%
)
Post# of 42997
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Howardhaftel

Send PM Follow Ignore
Followers 0
Posts 12848
Boards Moderated 0
Alias Born 08/03/2006

Howardhaftel

Re: None

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!

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up