GREY:CLLZF - Post by User
Comment by
ghayeson Mar 28, 2007 2:06pm
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Post# 12505523
RE: 9 billion barrels? no its 8.8 Million barrels
RE: 9 billion barrels? no its 8.8 Million barrelsThe last CLL report said: On an oil-equivalent basis, proved reserves increased 335 per cent to 6.5 million barrels of equivalent oil (boe). The company's proved and probable equivalent reserves increased 252 per cent to 8.8 million boe.
The report also said:
CLL will be producing 40,284 bbl/d within 5 years, giving $8 BILLION in NET revenue