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Re: wahoosier post# 4016

Monday, 05/16/2011 3:16:26 PM

Monday, May 16, 2011 3:16:26 PM

Post# of 12369
thank you very much wahoosier for replying to that open question....

I am not insinuating anything..truth is that although I understand stocks and trading very very well....I am a total novice in this area of oil stocks and dont know the terms or process very well. I have heard the term "proven" continuously for sc72's 3.4 tcf, but i dont know how accurate or the validity of it can be.
Is "proven" a term they can use in a guestimate or is it undeniably factual ?...how accurate can their proven figures be with the drilling of one well? I will be extatic just to see 3.4 tcf confirmed.I dont need to see a higher number.....anything 3tcf or higher will be a watershed for a stock trading at 2 cents again. I would think though that the 3d seismic would be totally accurate and an evaluation like that of 2006 could be flawed.
glta