Post by
Hotshot85 on May 27, 2021 10:15am
huge potential but.....
whate everyone is forgetting to account for in their pie in sky projections is bbls recoverable.
most conventionial fields only recover about 6-8% in initial oil recovery. the Dewolff report is specific in mentioning his upside target is $72/share for every billion barrel or recoverable.
If the source rock is found to generate 100 billion barrels ( yes i know, less that what Jarvie thinks) then at 6-8% recovery you are looking at 7 billion barrels recoverable.
7 X $72/share = $504/ share
this would be $78 billion market cap. this scenario is still out of this world.
if well two verifies what was found in drill 1, the next step is finding conventional traps. that's when the price really takes off
Comment by
crude on May 27, 2021 10:59am
Every body knows !!!!!!!!! https://www.energyvoice.com/oilandgas/africa/refining-africa/325240/matrix-namibia-tanzania-chiwanga/