SUBSTANTIAL INCREASE IN ESTIMATESOne poster speaking to IR stated that he was told that there would be a substantial increase in the oil estimates in January 2011.
We are assured that even with a 10% success we have 132 million barrels of oil, with 90% chance of hitting something in the range of 6 billion barrels of oil.
A substantial increase to me means a huge increase.
So I am going to make a guess on the huge increase.
A 10% success will bring in 500 million barrels of oil, which is a 300% spike.
A 90% success will bring in 12 billion barrels of oil, which is a 200% spike.
This is what substantial means to me.
LOAD UP, I HAVE BEEN SAYING THIS SINCE 20 CENTS, LOAD UP, WE ARE AT 35 CENTS AND ON 4TH LEG OF A STEEP LADDER RALLY TO NEW HIGHS. WE SHOULD HIT 37 CENTS SOON, PERHAPS TODAY.
JMHO