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Re: EEGCXXXX post# 18995

Wednesday, 10/27/2010 5:53:09 PM

Wednesday, October 27, 2010 5:53:09 PM

Post# of 42997
Although I agree with your post almost entirely I find it to be too conservative.
If you go back and see the method used to calculate the anticipated reserves the 440 million barrels of oil are a fraction that are hiding under ground. Its quite true that we don't know how much oil/gas there is, from my conversation with Mr Callaway he believed there was equal to or more then the oil discovered while with Shell.
I have no idea what the trading price will be when and if we extract it but I hesitate to put a number on it. It will blow your mind and nobody will believe it. I am comfortable with waiting it out as is my entire family and friends. I enjoyed your post and all the effort you put in to it. Thank you.

This is only my opinion!

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