You are right. Euroz have allocated all the gas to Baxter
"Oil 2C Resources for Caley, Crespin and Milne = 171mmbbls (vs Euroz last published est. of 175mmbbs) or 34mmbbls net;
yA gas-condensate 2C Resource of 16mmbbls & 552Bcf gas for the Baxter, additive to our numbers; "
Now, Euroz oil estimate for the Caley was very close. So we should respect their assertion that the gas is in the Baxter formation. They are closer to CVN management.
Maybe not so gassy after all. We will see what the market thinks Tomorrow.
Notice Ya has not posted. Will be interesting when he does.
Euroz Update - Increase valuation to $0.94 cents, page-16
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