AOE 0.00% $4.68 arrow energy limited

increase in gas , page-10

  1. 547 Posts.
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    On the contrary, in this business and infact all extractive industries you prove it is there and extracable in commercial quantities before anything else. After five years, as far as there reporting states, this has not been proved to any certainty.

    Please read my last post on reserves before commenting please. The ASIC and ASX are currently looking into industry standards for oil and gas reserves, similar to the JORC code for minerals, that unless reserve guidlines are followed they are not allowed to be reported or even mentioned in documents from the company.
    Right now they have gas in place estimates that may be factual but these are not producible reserves. P3 Reserves have no correlation with profitable extraction of said reserves.
 
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