There were a lot of wildly inflated overestimates floating around before the USGS report came out.
It’s a nice field but it’s not remotely comparable to Saudi, and it’s fairly difficult to recover.
“It’s a nice field but it’s not remotely comparable to Saudi, and it’s fairly difficult to recover.”
Yeah, my understanding was that oil had to be over 100 dollars a barrel before it was cost effective to drill.