Hi EyeoftheTiger,
In the gas business,
- Resources = gas volume at the surface.
- Gas in place = gas volume in the ground.
Two questions for you;
- Can you please point out where the gas resource calculations in my post are farcical?
- Can you please explain by Hancock Energy prepared to pay over $400 million for 195 BCF of gas in the South Erregulla gas field?
Kind regards OldGeo
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