project update and resource prediction june 08, page-12

scotney

They are obviously setting their "targets" conservatively so as not to disappoint. The 600 has become 1300 (that's what the graph looks like). The 3,674PJ "resource" prediction is saying that they are targeting potential recoverable resources of 3,675PJ in the 2008 program. Achieving this amount of reserves in any of the 1,2 or 3P categories is by no means certain ... but I take it that they have been VERY encouraged by Dewhurst results and that the 1,624 estimate for Dewhurst alone is achievable and this year.

Its all good but a little open to "interpretation". I hope casey gives an OpenBriefing update to the market. This "release" today should have had an explanation by way of a covering letter saying ... "we think we have a lot of gas"!!LOL

H