it IS new news... it's a valid "confirmation" of what was more speculation before... they had an estimate of how much oil was in the ground but no idea how much was "recoverable"... that's important, as well as costs to recover it, which is all included in the NPV figure. look at ask now....135 137 145 145 150 151 15c jump in 6 MM where bid is much deeper and supportive at 1.30 This will fly when they let it