RE: Gross revenues from Catcher3 Apr 2019 17:16
Hi Love_you
A few years ago on one of the Gkp boards on Advfn,I had a good friend who studied the Ghewar field, I believe it was discovered in the mid 1920s.
The Saudi government released initial figs in the 1930s, as you say analysts tried to estimate what was there, as the Saudis drilled the figures grew larger, after years of drilling it was known as the biggest field in the world .
The Saudis never released the size of the field, just that it had billions of barrels of the black stuff and it would last a hundred years.
But demand in the 50/60/70s is nothing like what is needed today , if last until the 2030s they weren’t far out , also they’ve made a few bob on the way ATB