estimating reserves, page-3

Geospud the terms reserves and resource get mis used including by myself. But if NSAI can provide a resource estimate back in 2011 without wells then an updated resource estimate could be expected following this well.

Additions no doubt will add from future wells or at least move part of 3C to 2C or ultimately 2P depending on what data is available.

The critical issue is to have some preliminary resource figure for calculating asset value.

From past discoveries more often than not the market is left to run with pre drill resource estimates until an independent assessment is made, which usually follows in a matter of weeks. And then is revised as operations progress through additional wells.