RE:RE:RE:RE:RLI at 4.1 years up from 2.1 years!!!!!!I quote the excerpt from Value Digger article in Seeking Alpha.
Value Digger must sell his Reserves Valuation Model to "gurus" LOL "analysts" LOL from CIBC like POPOWICH:
Second, Mr. Popowich claims that 2P's RLI will be 2.5 years. My 2P reserves estimates show that 2P's RLI will be at least 3.5 years. But even if 2P's RLI is 2.5 years, which is surreal, Petroamerica is not a cash-strapped, heavily indebted player with limited acreage in the middle of an uncharted land. Petroamerica has large acreage (500,000+ net acres), plenty of cash and one of the healthiest balance sheets in the energy sector in order to drill both development wells in its already producing Blocks and new exploration wells in its undeveloped properties, which are surrounded by proven and producing oilfields.