Reservois VolumeSo they initially struck oil at a depth of 3412 feet all way down to target depth which according to a previous new release was 6900 feet. So this reservois pocket has a thickness of almost 3500 feet (1066 meters), well over half a mile.
An acre of land is is 4046.9 square meters. So 4046.9 times 1066 equals 4,313,995.4 cubic meters.
According to the Petrolia press release, one of their wells produced 54 cubic meters or 340 barrels of oil. Roughly a ratio of 6.296 barrels of oil per cubic meter. Obviously the actual amount of oil in that pocket may not be 100% occupied with oil. So a conservative estimate of 50% oil recovery could result in approximately 340,600 barrels of oil per acre. Assuming the price oil recovers to $70 per barrel that's almost $24 million of oil per acre. 100 acres of productive land holdings could result in several billion dollars worth of hydrocarbons.
But this is just my fantasizing, so who knows...