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Re: jjsmith post# 84999

Thursday, 12/23/2010 3:56:13 PM

Thursday, December 23, 2010 3:56:13 PM

Post# of 312102
JJ, you math is false and misleading. I'll give you a lesson in 101 math:

1 pound = 0.45359237 kilograms
2000 pounds = 907.2 kilos
1 kilo converts into 1 liter
1 barrel [US, petroleum] = 158.9872956 liter
907.2 liters = 5.7 barrels per hour.
So far you were close.

1 day = 24 hours (you forgot that miniscule, but crucial part)
Thus: current production per day = 136.94 barrels
This is more than 25% on top of the JBII's earlier mentioned expectations / forecasts (109 barrels/day).

The under promising / over delivering has already begun.
Volume:
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