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Gold/Mining/Energy : Olympic Resources ORL:VSE

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To: burner who wrote (71)6/5/2001 1:15:48 PM
From: Alan Whirlwind  Read Replies (1) of 95
 
"The Brown Mt. Sand produced 2.4 MMBO of 34 API gravity oil 6 miles to the northwest of the prospect area in Oil City. Since the Oil City oil field was discovered in the late 1890s, no records of gas production were kept as natural gas was vented and not a valuable commodity at that time. The prospect is also on the same anticlinal trend as the 2.9 TCF Kettleman Hills Field located directly southeast of the prospect area. "

Burner, since you are oil savvy, could you explain the above numbers mentioned in the Feb. 13th release in $$ terms should Olympic find something similar? Thanks.
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