re: Possible big oil discovery in Israel

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Can someone who is more knowledgable put this in context for us? What kind of reserves are we talking about here? How many millions of barrels? How does it compare to let's say Saudi Arabia's reserves or Canadian Oil Sands for example?

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They've got 96000 acres under lease (license). They say it is "up to 350 meters" thick.

Using average thickness of 200 meters across the whole zone, five percent porosity, fifty percent water sat, and a .25 RF . . .

you could in your wildest dreams say that there are two to three billion barrels of oil that could be produced.

There is exactly zero chance that it could be that much. Hell, I didn't even account for gas. And there is about an equal chance that my calculations are right in the first place. Perhaps an actual engineer could take a look.