Instead, we get up to 50 million barrels of oil. |
Production (growth) will be (relatively) flat but...the increase in revenue will come from rising oil prices. |
Reserves may reach more than 300 million barrels, but we must be conservative with our estimate. |
We will be aggressive in exploration, but it depends on rig supply. |
We will start pumping oil by the end of 2007, with production of at least 30,000 barrels per day (bpd). |