TCF in the ground4 Sep 2024 20:04
Means nothing. It`s all about cost-effective methods for getting the stuff out of the ground. There can be a billion barrels of oil and multi tcf gas in place, but if it`s going to incur savage capex and opex, the venture is doomed to non-commerciality. Fund-raising dilution and plummeting sp usually reflect the state of affairs. CHAR, HE1, SXX and many more.
PDR doesn`t belong in this category. Looking good once SJ does its job.