However, using our engineer’s conservative recovery rate of approximately 20% this would equate to a per acre recovery of approximately 3,600 barrels per acre or 432,000 barrels of recoverable oil on a proposed 120 acre drilling location. Using an estimated net value of $65 per barrel after lease operating cost and a net revenue est. of 80%, the net reserve value estimate would be approximately $28 million per 120 acre location. $SFPI