speculator,
Was reference in Announcemnet FY 2012 Presentation slide 15. Seems to also accord with proposed new ASX Listing Rule on Reserves Reporting.
Slide 15 included:
• Unconventional resource independently assessed by DeGolyer and McNaughton
• Beach has adopted new SPE Petroleum Reserves Management System guidelines for booking unconventional resource volumes
• New approach allows for 1C, 2C and 3C contingent resource booking
• Previous: 2C = 100 km2 around each well
• New 2C approach:
– 28 km2 around each well for sandstones; and
– 41 km2 for shales
• No change to gas in place estimate of 300+ Tcf for PEL 218
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