Thanks man, that's a back of the envelope thought

Thanks man, that's a back of the envelope thought process of how the big boys who play these oil companies is running the numbers. By the way, you guys should read what MD38311 has to say, he has some insightful posts here on the hangout and seems to have a real industry background and doesn't spend his entire day writing about pennies unlike that Geo guy on iHub.

Geo seems to put on a good show about being knowledgeable about the oil industry, but I see him bash TECO for every little mis step but then turn around and pump a bunch of 2 million dollar E&P plays that are making worse mistakes and very sketchy.

Real oil geologists are getting paid BIG money right now and don't have time to write about penny stocks on iHub.