Now, I am happy to be corrected if I have got this wrong, but this appears to be the new reserves assessment by MHA: (Scheme booklet p.155, p.157 in my Adobe Reader)
2P
WAS 1,520PJ at a project level (988PJ to ESG) NOW 1532PJ at a project level (995.8PJ to ESG)
42PJ of new 2P from the Hoskissons seam. So effectively there has been a DOWNGRADE in 2P from the other seams.
3P
WAS 2,797PJ at a project level (1,818PJ to ESG) NOW 1,976PJ at a project level (1,976PJ to ESG)
So, 18 months, and we have had an extra 8PJ of 2P certified (+0.8%), and an extra 158PJ of 3P certified, or (+8.7%).
This is 'strong', huh? I wonder what they would consider a 'modest' or 'weak' upgrade???
Disgusted. This is even worse that we feared. No progress whatsoever.
Yaq
ESG Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held