Recoverable oil? Is that estimate based on seismic data alone? Part of or near an existing, proved field? Some outfit drilling in the mid west has claimed 100% completion of wells but failed to mention that the oil found is not economically suited for production (Ohio I think, can't find a link to the story). 1 million barrels isn't much & if the first well initially produces 80 bbl/day of high sulfur crude + sour gas....
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