LOL...do go on "Austin didn't drill an oil well, they discovered...

LOL...do go on

"Austin didn't drill an oil well, they discovered an oil field, and they know it. Now let's convert this all to metric. They've got about 15000 acres = 6000 hectares= 6 million square metres X a height of 240 metres is 1,440,000,000 cubic metres X a conservative 10 litres per cubic metre (which is ridiculously low, but for the sake of conservatism let's use it) = 14,440,000,000 litres = 91,000,000 bbls of oil. Now divide this even further by 2 for 45,500,000 bbls of oil (recoverable). To me this says there's ~ $2,275,000,000.00 of oil there @$50/bbl. = $2.67/share. Therefore I think it's O.K. for me to buy at 1c/share. The valuation is a tad frivolous I know , but it's interesting. Finally I hope I haven't misplaced a decimal."

One year ago.....