"there is nothing new that current shareholders didn't already know"
I disagree. They estimated 5B barrels in 2, 3, and 4 and laid claim to 20% of it.
We used the 1B barrels ERHC share around here so long it has become accepted. The company has now, for the first time, said the same thing.
5, 6, and 9 might not add much to that, but the STPEEZ is going to triple it... let the market chew on that for a while.