Replies to post #12568 on Adapti Inc (ADTI)

[levelE]

I took a look at wikip*dia's entry on 'oil reserves'. Can someone point out which classifications apply to Brazos' net and upside oil reserves?

Classifications are:

PROVEN:
developed
undeveloped

UNPROVEN:
probable
possible

Unless I'm mistaken, it looks like its still more than a billion barrels whether proven or unproven.

[windansea]

I'm long - but here's the part I do not understand. If BRZL has 1.4 billion barrels of oil in the ground at such a ridiculously cheap price when measured in barrels per share of BRZL stock, why aren't outfits like Exonmobil, Shell, Chevron, etc. buying up shares of BRZL? It would be a heck of a lot cheaper for them to get the oil that way than to hire a rig to go out into the Gulf of Mexico and drill for it. Baffeled, bewildered, & BRZLed.