Chaco Resources CHP (Moderated thread)

In '07 we will see all 3 sites in Colombia drilled....if 2 out of 3 come to fruition we are looking at serious numbers for CHP.

Hopefully in '08 Paraguay will also come on board. There are now some serious operators taking serious interest in Paraguay and the surrounding area. I read a report just last week that a major operator expected to find x trillion cubic feet of gas. This could be a huge amount of icing on top of the Colombia cake.

Does anyone know how tcf of gas converts to bbl of oil? For instance i seem to recall reading that 1 tcf of gas roughly equated to the value of 100 million barrels of oil? I can't really remember though so probably wrong.