RE: RE: NEWS (Associated Press)Total SA just paid 2.25 Billion (yes, Billion) for 1.6 TCF of reserves in the Barnett Shales (Texas). Therefore your claim of 60 TCF with an estimated value of 1.5 billion is WAY OFF. It sounds like the old saying...."If it sounds too good to be true, it usually is." For anyone who reads this, Do your own due diligence before you spend one dollar of your own money on a company who claims this or someone who claims this on behalf of a company. I can guarantee that if a company really had 60 TCF in proven reserves it would be known to everyone in the oil and gas business and the shares would not be 35 cents. Incidentally, 60 TCF is enough gas to supply the entire United States for three years !! Look it up....the national consumption is just over 20 TCF per year. Like I said......please do your own due dilligence !!!
Tbonepickens.