the marcellus shale- up as high as 500 tcf!!!, page-5

Can someone do the math on this?

The acquisition which includes around 11,200 gross acres will increase existing production by around 68pc, 1P reserves by around 45pc, 2P reserves by 90pc and 3P by 150pc.

A significant portion of the 2P and 3P reserves should be reclassified as either 1P or 2P on completion of due diligence.

Cost of the acquisition (excluding potential Marcellus shale reserves) is equivalent to acquiring 2P reserves at US23c/Gj.