Big Oil Discoveries on the Horizon for YPF?
Companies expecting big discoveries can be good news for investors. However, expectations don’t mean much until the discovery has been made. YPF has high hopes for a major oil discovery, how dependable is this? Amitabha Chakraborty explains what exactly is expected and the probability of the find.
"What it’s all about
According to the U.S. Energy Information Administration, Argentina holds the world’s third-largest reserves of shale oil, behind the U.S. and China. The discovery of 927 million barrels of oil equivalent (BOE) by YPF is more than double the country’s annual consumption of 400 million to 450 million barrels. This discovery is expected to boost Argentina’s production, and position it among the world’s leading producers of shale oil."
Find charts and additional research here: http://turnkeyoil.com/2011/11/28/big-discoveries-on-the-horizon-for-ypf/