Hi Mandurah
Thanks for that. With respect to the (1P,2P,3P) bit, I am not so sure that we can expect any proven numbers at this stage. Someone kindly posted a RISC document the other day which included the following:
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Admittedly that only applies to ASX reporting, but I think Ya also indicated previously that companies often delayed reporting proven reserves until the FID. This strikes me as being a bit silly really as up until then we are stuck with “contingent resources” (1C, 2C, 3C) which have the same label as previous, but as appraisal continues become contingent on less. That is why, for the tables, I have used an estimated “2P/2C proportion” to represent the progress being made.
pj
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Cairn Preliminary Results and Cath's MMC Presentation, page-27
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