gas reserves, page-3

jake I think you have nailed it.

At the MOU level no-one believed it was credible. Icon got a lot of bad press for spruiking. But, fair play, the MOU was done.
At the GSA, well, more credible, but the market does still not believe current management can get there.
I also don't believe the current management can get there -however, the appointment of an ex-Santos is a start.

I understand that management are old oilers, therein lies the problem in taking on something so large.

I hope common sense prevails and they can relinguish some power. RJ etc etc cannot do this alone.

Having said that, ICN is a steal at these levels, in fact sub 30C a steal.

It is amazing how the fortunes of a coy can rest on mgmt. I remember when ICN launched presentations in Asia - SP was running smoothly in the 50c+ area... this was PRE MOU.
MOU onwards we all know what happened.

So, there are a lot of people who have now, or are exiting... I thin this will settle soon and as we progress gradually lift.

Growth in Sp will be capped unless some new management IMO.