thailand reserves update, page-20

Looking again at the POE statement, my Point 1. does appear to be acounted for by the negative revision that Pan Orient mention.

This is a negative revision of 6.6mmbbls, due to the discovery that the Na Sanun East fault compartment and the NSE-F1 resource area are actually separate oil pools.

This clearly reduces both the September 2009 NSE-F1 Contingent Resource and the December 2008 NSE-Central 2P Reserve, and POE's statgement in fact does specify a 6.6mmbbl negative revision to the 2008 NSE-Central 2P reserve.

In view of this, they must have picked up an additonal 3.2mmbbl of 2P reserve somewhere else, as they are only showing a reduction of 3.4mmbbl compared to that expected form the September 2009 statement.