Seismic Report in February 2011....Hello Everyone,
It was a nice close, strong volume, meaning that there must be a leak again concerning Seismic report.
LFD promised report for February 2011.
What will be of most interest is the confirmation by a third party of the subtstantial increase in oil in place.
I will say that at:
P10: There will be 13 billion barrels of oil
P50: There will be 6 billion barrels of oil
P90: There will be 1 billion barrels of oi
For me, this represents a substantial increases in oil in place. I also expect that rate of success to be bumped up towareds the 78% level, high level of confidence.
Hence, 40 cents, very cheap. Soon people will speak of having missed opportunity to buy at this price.
Chart shows that we are about to begin a rally, having corrected to the 38 cent level. My guess is that we rally to 58 cent level within a short period of time. Then a small pullback, before soaring past the 75 cent level heading towards the all magical $$$$ level.
SOROS is never wrong....
JMHO