Fat Cat from Raging Bull posted the following.......
ragingbull.com
and I responded as follows, my comments in italics,
Two intriguing sentences in 11/1/99 PR:
"Current development is mainly focused in the Jiyang Depression, with major production
fields concentrated within an area of 10,000 square kilometers in the eastern part."
I am assuming this is the first target area, and it will be worked over a five year period, which would be a 2 thousand sq km's per year. I do not know that they can work 10000 sq km's in a single year. Although I certainly stand to be corrected.
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"There are 18 types of pools such as structural, fault, hidden, as well as others. The
enrichment is about 2 million tons per square kilometer."
That is correct.
Am I wrong or is this saying the area mentioned will yield 20 billion tons of enrichment? A
ton of crude with a specific gravity of 0.75 (my non-expert estimate)is about 6 barrels of
crude. Continuing the calculation, the potential is a whopping 120 billion barrels.
No you are correct, it all boils down to how much can physically be done in one year? That is something i just do not know, help would be appreciated.
I know crude sells world wide for $10 to $20 per barrel.
Hence will our fledgling little company be on the threshold of delivering to the Chinese 1.2
trillion dollars of crude.
I'd suggest you appear to be correct, and a five year work program of this area is logical to me
Frankly, I've got a bad case of sticker shock. Where have I made a mistake. If DIGG gets
rewarded just 0.01%...that's right, 1/100 of 1%... of this staggering amount, it'll receive 1.2
billion dollars. That's a lot of money!
This is not illogical as this can be achieved over the next five years, after all that's the magical 200 million figure per year and which point 10 per cent kicks in
Someone correct me If I've made a mistake. I must have. This can't be true for a stock trading
at 50 cents. This is more intoxicating than catnip.
No mistake, I think once the filing is done and people see this is another step closer to becoming a reality the stock will head upwards, even on the pinks
I mean it. Help me with this. Just can't seem to get a grip on these facts. DrugStoreCowboy,
you're a cynic. Get me something out of your pharmacy that will help me get back to the real
world.
Well, some LSD a drug of choice from the 60's may help LOL.
Fats and there you have,
Jonboy's response. |
