ARHT Media Inc V.ART.H

RE: RE: RE: RE: spud date..

[Baxter4]

Try reading the reserves assessment. I'll even reprint note 2 so you can understand why I used the conservative low estimate:

2.  Low Estimate is considered to be a conservative estimate of the quantity
    that will actually be recovered. P90 means that there is a 90-percent
    chance that an estimated quantity, such as a prospective resources
    volume or associated value, will be equalled or exceeded.

Seems pretty clear to me. Do you really think Niko will be drilling here if they do not expect to find reserves worth developing? Both Niko and Vast jumped at the chance to increase their share of the well by 10% each, with the Kurdistan government willing to accept Vast shares instead of cash. They obviously don't see Vast shares going to 17 cents (or 5 cents as the other bashers are saying)

Maybe you should go to Niko and show them all your "true facts" and maybe they'll understand why they shouldn't be drilling in Kurdistan after all. Or maybe they'll just look at you trying desparatly not to laugh at you until they have at least closed the door behind you.


Salute