2P Reserves History

Decided to look at  the 2P reserves history of BPT and compare it to the number of wells drilled and the number of shares on issue. What it showed me is that the 2P reserves have been steady declining and yet the number of shares on issue have been increasing. It doesn't take into account debt but still gives an interesting picture of the company.
It will be interesting to see what the 2017 figures look like.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9
0	Annual Report 30th June 2016				No.Shares
1		Mmboe		Success		Shares	Share Price	Market Cap	Per 2P
2		2P reserves	Wells drilled	%		Millions	$	$M	Millions
3	2004	4	17	30%	5	248	0.24	60	62
4	2005	11	15	60%	9	298	0.60	179	27
5	2006	36	19	63%	12	453	1.49	675	13
6	2007	90	66	56%	37	691	1.37	947	8
7	2008	145	62	52%	32	895	1.28	1,146	6
8	2009	66	30	70%	21	944	0.75	708	14
9	2010	66	21	53%	11	1,024	0.67	686	16
10	2011	77	17	65%	11	1,098	0.90	988	14
11	2012	93	46	59%	27	1,144	0.93	1,064	12
12	2013	93	54	64%	35	1,200	1.12	1,344	13
13	2014	86	44	62%	27	1,255	1.68	2,108	15
14	2015	74	43	67%	29	1,297	1.05	1,362	18
15	2016	70	28	82%	23	1,488	0.61	908	21
16	2017
17	Total	911	462	60%	279