GREY:SCSZF - Post by User
Post by
tast22on May 18, 2011 4:06pm
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Post# 18596480
Resource Assessment
Resource AssessmentI have no basis of comparison but it appears that Judy Creeks has pretty substantial resources. The total Best Estimate from Discovered and Undiscovered resources would ultimately produce approximately 529 wells at approximately 79 million barrels of oil equivalent per well or a total of 4,117,900,000 barrels of oil. Multiply that by $90 per barrel and that's a lot of resource it seems to me. I realize this is all speculative but it sounds really nice. According to the market I'm an optimist or that potential resource is just not that significant.