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Message: News Release on Oil Estimates......

Checked the numbers - there is about 217,000acres in the area, and the figures for oil-in-place translate to around 593,000 barrels per acre(from the lowest figure of 380 million barrels/section)

How much of that oil can be economically recovered remains to be seen. With the price of oil over $100 barrel the in-ground value is substantial.

Anybody have an idea of usual recovery percentages in shale formations?

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