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Bullboard - Stock Discussion Forum ARPETROL LTD V.RPT

"ArPetrol Ltd is engaged in the exploration for and development and production of oil & natural gas, and also provides natural gas processing services for third parties in Argentina."

TSXV:RPT - Post Discussion

ARPETROL LTD > STATEMENT OF RESERVES DATA: RPT's Proven Assets Value
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Post by Kevin987 on Aug 08, 2014 8:26pm

STATEMENT OF RESERVES DATA: RPT's Proven Assets Value

UNPROVEN.    
Unless they have proved an oil/gas field with many producing wells, reserves data are practically useless because the science behind reserve data is prone to high margin of error. 
Some people are really desperate for a pump and dump here.  
They talk about reserves data, processing revenues, offshore drilling. Give it a break.  


 
Comment by DocPat on Aug 09, 2014 12:51am
PROVEN. That's why they have them in the "Proven" category Kevin .. For the love of Pete man, do at least 15 seconds of your own due diligence, you're embarrassing yourself. You really think this board is going to take the opinion of "Kevin and the Buttonheads"  over the professiona engineering firm of Gaffney Cline and Associates, who stake their professional ...more  
Comment by Kevin987 on Aug 09, 2014 1:09am
There is nothing proven. Did you go into the ground and measure it all yourself?  Did you see what happened in California recently with these so called proven estimates?   The science behind it is not accurate.    Every junior with land has so called proven resources and look at how they are trading...  Get real.  I have nothing against this company. It has a small ...more  
Comment by 2j3kl on Aug 10, 2014 1:52pm
This post has been removed in accordance with Community Policy
Comment by Kevin987 on Aug 10, 2014 10:13pm
Doesn't matter what you say. All the juniors have reserves that are so called proven. It doesn't mean a thing anymore. Don't fall for the rotating pumpers scam the others are trying to pull here.  I want to see this stock rise on real valuation, not some gang of pumpers who are desperate to unload so they go after the next stock they want to pump.