GAMM LEASE HUGE POTENTIAL>> There are approximate
Post# of 167
GAMM LEASE HUGE POTENTIAL>> There are approximately 5,596,125 barrels that are primary recoverable reserves (which means they are recoverable without further pressurization or any other secondary recovery tactics done to the field). The primary reserves are about 35% of the total reserves in that field. The Gamm Lease is situated on 223 acres of land.
5,596,125 X $100 = $559,612,500.00
Now this information was developed in 2007....BUT look at what it says "ABOUT 35% OF THE TOTAL RESERVES"!!!!
Report TOS