RE:STATEMENT OF RESERVES DATA: RPT's Proven Assets Value PROVEN. That's why they have them in the "Proven" category Kevin .. For the love of Pete man, do at least 15 seconds of your own due diligence, you're embarrassing yourself. You really think this board is going to take the opinion of "Kevin and the Buttonheads" over the professiona engineering firm of Gaffney Cline and Associates, who stake their professional reputations on getting these numbers right and are under strict guidelines dictating what they can and cannot put into the PROVEN category.
Quoting from rom the Oil & Gas Journel 06/13/94:
"The Faro Virgenes area is located in the southernmost tip of the Santa Cruz province (Fig. 7), where most of the hydrocarbons are recovered with directional wells.
The field was discovered in 1977 and put on production during 1979. As of June 1991, Faro Virgenes field has produced 716,940 bbl of 54 gravity oil and 74.13 bcf of gas from sandstones of the Springhill formation at 1,610 m. The average pay zone thickness is 19.7 ft, and porosity averages 23%. Water saturation is 52%. Fifteen wells were drilled and 9 are producing"
In all of the ridiculous posts by Kevin and the Buttonheads, there has not been one ounce of research, one reference, one shred of anything to give Kevin one micro millilitre of credibility .. Just his constant droning on about pumpers and blah blah blah .. Which is a ridiculous premise on a stock that has so few shares outstanding and so tightly held.
Pity poor Kev and the Buttonheads, they know not what they do.
Doc.