a sign of things to come:, page-8

Isn't the reserve delay due? 1 day late because the Yanks are a day behind or just another delay?

So anyone want to take a guess at the contents of the chook raffle (reserve report)?

2P reserves 8Million?
P50 Resources 5Million?


I note Osage Exploration (link at start of thread) has updated their web page. Notably:
- 10,000 Acre Lease came back with Recoverable reserves of 16Million BO (16 May 2011)
- 10 Days later they farm out 75% for approximately $5.5Million. The people buying in are operators suggesting that they are bringing more to the table than just $. This works out at 46c per barrel in ground (recoverable resource). Or alternatively $733 per undeveloped acre acre.