StephenK60
Taken directly from Annual Report for the Year Ended 30 June 2017.
'The Company has already independently certified 30 PJ of 2P Reserves, 219 PJ of 3P Reserves and 112 PJ of 1C Contingent Resources for its 40% interest at Mahalo'.
This is what is attributed to our 40% NOT to 100% of which we just own 40% - a big difference.
Therefore if we can get a good chunk of the 219 3P Reserves converted into 2P Reserves - ALL is ours!
How does that effect your calculation with regard to a future valuation?
I'm smiling.
Good luck....
Price of gas supplied, page-3
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