Hi boblehue(sjov hue:) From the new BP discovery:
BP, whose partners at Tiber are Petroleo Brasileiro SA and ConocoPhillips, said its discovery may hold 3 billion barrels of crude and natural gas. Of that total, the companies may be able to extract the equivalent of 450 million barrels of oil, said Leta Smith, a director at IHS Cambridge in Houston. At current prices, that amount of oil would be worth more than $30 billion.
If our find holds about the same amount, Ok this is NG so right now we would have to divide with 24 to27, but it would still be alot on the sp and maybe we have 3 times more, also they will have to use a lot more money to get it up. How much would you think it could be on the sp?, anyone.