Saturday, December 15, 2012 12:16:47 PM
The aforementioned 33 mbo P90 estimated reserves(could of course be 0 mbo...naaaa!) and 135 mbo P10 estimated reserves that have been mentioned, as I understand things, only represent 32k acres of their 1.125 million acres...as Tchauncy has pointed out previously. I am simply re-emphasizing it and RE-SIZING it below.
Put another way that intuitively might help grasp the size of their land licenses represented by PEL 112 & 444, their 1.125 million acres is equal to 1,758 sq miles...or a square plot of land roughly 42 miles by 42 miles in size.
The P90/P10 reserves per the 32k acres represents 50 sq miles or roughly a square plot of land 7 miles by 7 miles....
Now I don't know if we should assume that the current little square(7 x 7 miles) likely has the best chances and hence the greatest potential reserves relative to the big square (42 x 42 miles), but I sure would like think that the other acreage could easily hold equal amounts of reserves...even just half as much would be WOW-WOW-WOW-WOWSER!!!
Let the drilling begin!
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