RE: It's a miracle that...So you can buy in cheaper, nice try. Can't believe all the BS on these BB. Guess you don't know much about drilling for oil & gas as this is early in this play and more results to come. Read this, the low estimate is almost 5 billion and best is almost 6.5 billion. Even at 5 billion this is worth way more than 85 cents. ARN has less MSTB(so far) and their share price is over 5 bucks.
ANGLO CANADIAN OIL CORP. PROVIDES NORDEGG RESOURCE UPDATE BEST ESTIMATE OF6.47 BILLION BARRELS OF PETROLEUM INITIALLY IN PLACE
Anglo Canadian Oil Corp. has obtained an independent resource study inrespect of its 172,000-acre Nordegg Member oil prospect in west-central Alberta.This resource evaluation was prepared by AJM Petroleum Consultants, anindependent qualified resource evaluator, with an effective date of June 30,2010, and complies with COGE Handbook standards and National Instrument 51-101entitled "Standards of Disclosure for Oil and Gas Activities as adopted by theCanadian Securities Regulators."
Probabilistic analysis was used in the preparation of this volumetricresource estimate on Anglo's lands in the Nordegg Member. The report documentsthe results of AJM's independent evaluation with the table summarizing the totalunrisked discovered petroleum initially in place (DPIIP) volumes for the fourareas studied, including a best estimate of over 6.47 billion barrels ofpetroleum initially in place.
DISCOVERED PETROLEUM INITIALLY IN PLACE (MSTB)
Low Best High
Rycroft, Alta. 605,310 781,862 1,009,909
Kakut, Alberta 1,287,287 1,691,537 2,222,736
Sturgeon Lake, Alta. 1,845,799 2,465,124 3,292,252
Ante Creek North, Alberta 1,193,885 1,537,890 1,981,016
Total (arithmetic sum)(i) 4,932,281 6,476,413 8,505,913
JMHO