RE: RE: RE: RE: Value of DLL stockThanks, Now i have learned something from you about horizontal and vertical wells.
I have been reading the Chapman Petroleum enineering evaluation made in 2007. It stated, and know i aim quoting because I can't copy the tekst: "IF Deloro bores more wells, say 12, they can produce due to steam-injection together 6175 barrels a day after the second year. That means 500 barrels each well! The total recoverbel amount of oil, Chapman calculated, was 12 milion barrels but at that time he was asuming only 30 millions as reserve.
My hope therefore is that the electricity from EPI wil perform better and coud recorver not only 40 percent but 60 to 80 percent of 63 million STB, but also more than 500 barrels each well per day.
About the seller 33: Perhaps this person owns say about one milion shares. The longer we wait the more chance there is that a negative outcome is possible (Good things are comming fast). So he is slowly unloding shares that he bought cheap when the shareprice dropped under 10 cents to reduce the risk. (just a my thinking).