What are the estimated proven oil reserves? The article doesn't say.
Easy! Until a well is drilled and tested, they are zero.
Read the prophecies about Israel.
Especially the ones that mention oil.
In the Old Testament, as I recall. I think George Otis initially had some involvement. I think as a result of a dream or vision.
There were some false starts of some sort. Financing for initial explorations was challenging. But in the last year or three, things have made a turn for the better. This is the 3rd or so serious report of very significant finds. As I recall, they are significantly deeper than usual.
This has been in the works for a decade or three. Several seismic studies have been done and a few wells drilled, as I recall.
Some have speculated that this oil find is part of what will drag Russia by a 'hook in its jaw' to attack Israel (some say, China as well will be coming after the oil as the Biblical "King of the East" with a massive army.