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Message: CQV management verbally confirms figures

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CQV management verbally confirms figures

posted on Apr 25, 11 10:02PM

A poster elsewhere phoned CQV and queried the astonishingly high figures in their recent news release.

"Asked about the numbers 150,000 acres x 593,000 = 88,950,000,000 least possible, or 150,000 acres x 1,454,000, = 218,100,000,000 barrels of oil maximum amount of oil. Gerard said that YES, the numbers are astounding and that is why they are taking their time with the cores and logging to ensure that all the steps go according to plan and they do not miss a step."

CQV has something over 500million shares outstanding presently. Even at a very low 1% recovery of the oil-in-ground, if we take a 'moderate' 150,000,000,000 total barrels inground as a working amount, that is about 1,500,000,000 recoverable,(1.5billion bbls)

Extend the arithmetic to $ per share of recoverable oil at $100bbl = $300 recoverable in ground per share outstanding. Other shale areas operate with 5% -10% recovery, as far as my limited 'research' has found, so if production proves economically feasible, figures may be much higher.

Costs are unknown, also actual flow rates etc. etc. Provided economic recovery is possible, these figures have to influence the share price, don't you think?

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Apr 25, 11 10:12PM

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