re: cs energy make $2.5 mill and get the hell out Testie, I think whoever is recording the reserves is being probably being upfront about the uncertainty...hence the rapid increase in 2P and 3P reserves...and the slower increase in 1P reserves...still need a lot more 1P reserves
Is seems like the uncertainty you mention is unavoidable in this situation. You need to produce to certify reserves...but without certified reserves QGC will be unable to produce?
My stance is that current flow rates and the rates at which flow rates are increasing are good reason to have a certain degree of optimism. Sounds like you know a bit about CBM, so what things would need to be in place before you felt confident about QGC. What companies would provide reliable certification? Is there any way of preventing potential clients from reneging even after certification or is this just the nature of the business? I can't find much detail regarding the nature of the contracts and the obligations Incitec and CS have when QGC pass particular certification milestones. Not trying to pull your chain here, just wondering as these are question I have been thinking about too.
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