GREY:GULSF - Post by User
Comment by
RJ18on Feb 25, 2008 4:33pm
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Post# 14540758
RE: Reservoir size
RE: Reservoir sizeAssuming 10 - 12 million bbls @ 8% for each of the junior partners would be about 1 million each. I think that is what was projected by some a long time ago. And that doesn't include the rest of the block that they have earned now. There are other formations, there is deeper. At this price if you're not looking for a quick flip, it's a buy.