Painted Pony Pete Ltd PDPYF

RE:Progress had 1.9tcf

[lifeundergrad]

How much variation is there across the oil patch in how reserves are calculated?  3tcf is amazing, but I've struggled through some Jr's before who had great numbers but not all of it was accessible.  I know that PPY is in a fantastic position with pipelines and development, but still - is that reflective of what can actually be developed? 

A deal like that would make my day, and it's nice to see energy on the uptick today (it's making everyone feel good) but I shouldn't sound too optimistic, I'm supposed to be bashing this stock...

Holding long and hoping that we have a chance to develop the land instead of a buy-out.  I think in 5 years $16 will seem cheap (assuming Petronas greenlights).