RE:RLIstonecap musta been out on a martini lunch when they came up with those numbers, lol. if those numbers were true, yes, it would be very good and i'd be owning iae right now.
start with stella, 30 mil boe proven and probable (sproule, from iae website), stella is projected to produce 30,000 boe/d ( about 16,000 net to iae). that's a reserve life of less than 3 years. 30,000X 365 is about 10.1mil boe per year. doubt they will average that much with maint etc so maybe stretch it to a 3.5 reserve life.
their other fields are older and have been producing for a while, some are getting stale, some have a fair bit of life left, however i doubt there is even one of them with a 13,7 year reserve life!!!!!
btw talisman operates near by and produce a lot more than iae does, they cannot sell it cause it's too hard to make money on it. iae is gonna find out the hard way it seems.
cheers ferret