RE: SHELL records 1968SHELL records from 1968 declare Oil Fields were never fully developed. Estimates were made in the year 2000 for 100,000,000 barrels of oil sitting in the ground. If you buy one stock in your lifetime this is it. If you are new to this stock here is what I would do. Take a position as soon as possible. When the stock doubles sell half. This brings your risk down to Zero. Now you have nothing at stake, hold the remainder for the long term. When stock moves analyst will start making target estimates. Follow those estimates for guidance.
https://64.233.167.104/search?q=cache:ogTv-tY8T08J:www.industrialnewsupdate.com/news/metals-mining/archives/2005/09/index.php+analyst+recommendations+odyssey+petroleum&hl=en&ct=clnk&cd=4&gl=ca
Pelahatchie Field, in Rankin County, Mississippi offering a unique opportunity for Odyssey Petroleum Corp and Transamerican Energy Inc to develop proven, but yet undeveloped oil and gas reserves that have produced at rates exceeding 2000 barrels of oil per day and two million cubic feet of gas per day, according to production records maintained by Shell Oil Company. However, the field was never fully developed. In a publication dated September 1, 1968 and filed with the Department of Energy (report Conf-681095), and titled "Pelahatchie Field — Mississippi Giant", Mr. H. E. Karges, Certified Petroleum Geologist, stated that this field could prove to one of Mississippi's largest oil fields. Field studies by Mr. Michael Tierney Certified Petroleum Engineer in the year 2,000 indicate that an estimated 100,000,000 barrels (equivalent) could be produced using primary production methods. Secondary and tertiary methods employed later could probably double the amount of reserves recovered.
posted by stockbagger$$$$$$$$$$$$$$$$$$
Pelahatchie Field, Rankin County, Mississippi
Potential future revenue of $2.9 billion
Proven and probable reserves – 50,000,000 (BOE)
Multiple productive zones 7500 ft to 17,000 ft. subsurface and 4,300 acres