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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (168880)5/23/2012 9:46:34 AM
From: CommanderCricket  Read Replies (1) of 189907
 
The $1.9 billion bid for Cove Energy represents 8.5% of 30 TCF in initial resources.

So $1.9 billion is for a first estimate of Cove's 3 TCF in offshore resources.

This is why IOC is not going any lower and continues to buck the market.
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