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Citation Resources Inc V.CTT



TSXV:CTT - Post by User

Bullboard Posts
Comment by geomeanon May 05, 2005 3:34pm
213 Views
Post# 9002163

RE: Presentation well worth it...

RE: Presentation well worth it...I began wondering about Blueberry and tried to find a definition of "unrisked". I found the following helpful in understanding what Patillo said about Blueberry "Unrisked reserves are those estimated to be recoverable in the case of a successful well. The estimate is not adjusted for level of confidence but accurately reflects the available data." So I guess that slide 23 is based upon the assumption that all the wells are successful. Hence, my prior extrapolations based on slide 23 should be toned down substantially and a "risked" analysis done based upon the probablities that Patillo gave. Sorry for the confusion.
Bullboard Posts