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Re: wshaw14 post# 1008

Wednesday, 08/28/2013 9:10:11 AM

Wednesday, August 28, 2013 9:10:11 AM

Post# of 2595
Mr. Wshaw
It actually may be more, since the additional 10 per cent, depending on various pay zones, will vary in yield. An arithmetical calculation, while indicative, won't take all the geological anomalies into account. It sounds illogical, but an additional 10 per cent working interest may yield more than a 10 per cent increase in volume of recoverable oil.
I am sure they will have a new reservoir report by the end of the year, after drilling starts, which will move a lot of the contingent resources into the probable and possible category; and also reflect the share earned by M and P.

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