p2 - the story so far, page-4

Thanks for responding Ya. I've across the contingent resource distinction and understand that public information from P2 will be focused on flowrates. What I'm wondering is, if CoP/KAR are going to hold back on a 2P number until drilling up to an additional 4 wells after Kronos , to what extent will data from Kronos enable outsiders to get a very good handle on the size of a 2P number?

At present we have the contingent 7Tcf figure but many suspect that P could be up around the 10Tcf mark. Do you think those in the know, but outside CoP/KAR, may be able to realistically estimate (for example) a 10Tcf number based on 3 well triangulated data CoP are likely to release or are shareholders going to have to wait until CoP officially release an independent reserve, perhaps after a further 4 well drill program post Kronos that takes us into Q3? I'm likely to continue my full holding for at least another few years so the question is a little academic but it would be nice to see KAR kick on past the $15 mark sooner rather than later so I could use leverage further equity elsewhere.

I find it interesting a normally careful Ivor Ries is now prepared to publicly talk of 10Tcf as the upside case - would he actually be able to independently call that based on publicly available material or is it more likely a case of him placing his trust in an off the record conversation? Where I'm really driving at is could P1 + P2 + K1 be enough (if not in the minds of an independent certifier) then in the minds of institutional investors to call a 10Tcf 2P? Obviously there can be no absolute answer at this stage but I'm interested in shades of likelihood, if anyone has any thoughts.