RE:ReservesExcellent post.
And so far, this team continues to further de-risk the stock with every PR.
IMO, they are trying not to spill the beans about what they truly believe about the basin and what it possibly holds. 120 billion barrels is a conservative estimate....recoverable....even if it is only 10 billion....this stock is to the moon. Jarvie even said himself that 120 billion was conservative and if he said what he really thinks is down there it would be "laughable".
This company is in the sweet spot, and it is perfect timing for such a massive, historic discovery. Rising oil prices (to continue into the near future) and sitting on what is being considered to be, the next Ghawar oil fields (Saudi).
My thinking is there is at least 36-56 billion of recoverable oil. The thing is, there are multiple basins...there could be that much in just one basin. Time will tell. Try not to c um yet and hold on.