TSX:YGR - Post Discussion
Post by
kavern23 on Mar 08, 2024 11:57pm
Read twitter guy WTI Realist
Why that jambroni is questioning the reserves is he doesnt understand what a Mbbl is....5719 mbbl is 5719000 or 5.719m barrels.
The guy got confused that mbbl is one thousand of a barrel and not one million. Mbbl common acornym is one thosand.
5.719m barrels PDP for oil is very accurate...think about is at only 200 wells that is like 28000 barrels remaining of reserves per well not the bogus math by twitter guy.
A 20 barrel a day well is going to produce 7000 barrels a day...28000 per well is so doable lol. Low actually and hopeuflly with stimualtion this can be increased next year.
Part of the stimualtion program is too increase this.
How does this clown have so many followers?
Dont believe these dudes, they lose money for a reason.
This is his tweet..:
I would say that I am pretty easy to adapt to new data and understand when a thesis has changed instead of coping with assumptions -- but I think these $YGR reserves are blatantly overstated. I don't think they even have 1.5MMBbl of PDP. 125KBOE remaining per location? GMAFB.
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