ya,yes i know it is the upper spectrum and am aware that...

ya,

yes i know it is the upper spectrum and am aware that 35000-70000pj's would not be booked as 2p reserves.

the post was intended to highlight the prospectivity of the pedirka basin and put it in terms of pj's rather than tcfg.

i guess thats why i left the open ended question....."if ctp concentrated on proving up their cbm resource over the next 6-12 months how many pj's could ctp bank as 2p reserves?"

it's up to each individual to work out what they believe ctp could book as 2p reserves over the next 12 months if ctp made it their priority....be it 5%, 10% or whatever.

i then gave qgc's 2p reserves and their mcap with a per pj value.

so if we want to expand the discussion, if ctp booked 5% of 35,000pj's then we have 1,750pj's of 2p reserves in 12 months.

5% of 70,000pjs or 10% of 35,000pj's = 3500pj's.......qgc has 2415pj's with a mcap of $3.5 billion or $1.5 million per pj.

however, the 160m of net coal has, as i said, blown the estimated 35,000-70,000pj's out of the water and the ultimate 2p reserves over the course of the next 2-3 years could be frightening which could make qgc and other cbm players look like middle class riff raff by comparison.

i'm glad a few have finally decided to talk about cbm in the pedirka rather than worrying about oil.

cheers