Friday, August 02, 2013 3:30:49 PM
Your quite right that we have confirmed(300 million bbls of oil) and that once fully developed our holdings could easily be capable of 250,000 bbls per day;
However the comment I was questioning from Wyatt Research was in reference to just the three wells in the Lokichar;
"Over the last couple of years the companies have drilled five wells in the Lokichar Basin, in the northeast part of the country. Three of these wells hit pay-dirt, and collectively make commercial quantities of oil production possible by surpassing the 250,000 barrels per day threshold."
This is a few more (B,s bbls & 000,000's) then Im used to as well. One thing for sure is the larger the numbers, the higher the share price.
Regards
Ninja
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