Didnt a report issued by the Inspector General of the Department of the Interior claim that CRC overvalued the potential oil reserve?
The value of the Collier federal mineral interest has been debated over the years and it is no surprise that a wide range of values have been estimated. The valuation of largely unexplored mineral interests is a difficult and subjective exercise. CRC believes that this question is best answered with the private capital it is prepared to deploy along with its new industry partner, Lake Ronel Oil Company, to continue to safely identify and produce new oil reserves in the Big Cypress National Preserve using new, state-of-the-art technologies.
