uncovering undervalued oil and gas stocks-nen, page-11

Optiontrader, NSAI are world renown as are their competitors. Given the requirements of world accounting standards these days and the risk of litigation these estimators of oil/gas reserves have to be very much on their game. However there is more interpretation latitude for an undrilled target than a proven one.

Saying all that I quized KC on the reserves for 105 given that the extra zones uncovered by 3D have never been publically quantified by either Neon or NSAI. KC's response was that in the event the well is successful in establishing a relationship between those amplitude anomalies, and good quality hydrocarbons capable of flowing at commercial rates, all the pre estimates become meaningless.

Key to the NEW figure for Cua Lo is the additional amounts from the zones found by the 3D and the infornation gained from Dongfang that arrived well after the NSAI estimate, not to mention the well data.