molopo back firing, page-20

Newstart,

not quite sure what you are asking AND I don't want to treat you like an idi0t so please forgive me if I breeze over something you already understand.

Very VERY basically when a CSG resource is first discovered it is expressed as Gas In Place (GIP). as the resources are sured up they are expressed as 1p, 2p and 3p resources. 1p being the most certain and 3p the least certain. The industry seems to gauge a companies values mostly on it's 2p reserves. DYOR for a better understanding of these numbers or else this could turn into a very long post if I try to outline it all in entirety.

The MPO/FTO resource in China is still expressed as GIP. In January FTO, MPO's partner, released figures to the market that they considered the GIP to be twice the original estimates. MPO stated that wanted to do their own research before confirming this figure. However, based on FTO's figures, MPO's SP has been marching steadily forward ever since. MPO are as yet to make this confirmation.

The point of difference between NTTG and myself is that I am only assumung at this point that then next announcement will confirm what the market already seems to have accepted as a given. IE the GIP has doubled. NTTG however feels that as well as this information that MPO may have something new to add. IE GIP is now being confirmed as 1,2 and 3p reserves. Obviously, if he is right, then that could have a significant impact in the short term on the SP. I sincerely hope he is right and I am wrong.

I hope that answers your question. At least sort of.