Completed in 3rd quarter, and 179 MILLION BARRELSThe June news release says "completed in the 3rd quarter."
"This report when completed will be helpful to Management as it seeks to commercialize the Block by means of the injection of further capital or a suitable joint venture partner." Also, the 2012 AZA presentation is on the web site:
https://www.azaenergy.com/PDFs2012/Azabache%20Energy%20-%20Claudio%20Larotonda-FV.pdf
On Slide 19, it says:
Oil window acreage 67,925 acres
Prospective 80%
Net (acres) 54,340 acres
Yield 3,300 bbls/acr
Resources 179 MMBls
In my opinion, this is AZA's best estimate of the recoverable oil resources that we own. The credibility of AZA rides on this upcoming Gaffney Cline report, which either vindicates AZA or not.
Then Supra can have his say based on independent analyses.
https://www.gaffney-cline.com/index.htm