You are echoing the THAI mantra, which has yet to be fully validated at White Sands, much less at any other venue with different characteristics.
The THAI echo chamber, as I suggested, is why PBG is at the price they are.
That and the market's acceptance of their unverified "resource" estimates.
What does CLL need to do?
For openers, they should throw out a corresponding gibberish number on OBIP.
If PBG has 2.6 billion barrels of OBIP at White Sands, then CLL obviously has over 5 billion at Great Divide.
Parcel is twice as big, same general area.
And neither estimate is backed by adequate research, PBG has only drilled 16 holes at White Sands versus over 100 by CLL on Great Divide.
PBG has not drilled enough to provide any legal estimate of reserves at White Sands.
Again, resources are not reserves.
By the way, if you have twice as much original oil, even if your process recovers half as much oil, you get the same amount.
So much for THAI versus SAGD...
Yet the market cap remains nearly 10 times greater.
