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Angwa Reservoir A$/Share Values per Metre of Net Pay, page-97

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thecone

7,325 Posts.

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13/12/22

20:46

Post #: 65299397
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Originally posted by VOGC ↑

Hi barneydigs,

I think SM was being very polite and diplomatic in describing the independent Prospective Resources estimate as just overly conservative. And IMO, on a confirmed discovery, considerable potential upside to these resources exists (ASX 5/7/22).

From my >25 years in direct oil and gas exploration I found the independent Reserves & Resources certification area to be the most distasteful of all. I would go so far as to say it was little more than a scam. And I base this on having worked for two companies that provided theses certifications and having been involved with having my volumetric work "assessed" by certifying companies on many occasions. Basically, there key focus is to "lock-in" the Oil & Gas company for future work on the project - future revenue stream; up-sell the current certification review wherever possible - we really need to establishes this or that and do as little work as possible (i.e use percentages of the P10 volume for establishing other volumes!) and all for exorbitant day rates!

For those interested, my review of the description IVZ has provided of what the Certifiers did for the Mukuyu Prospect Resource Upgrade released on the 5/7/22 is below.

GLTAH
Cheers
VOGC

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Just WOW! IF the D word comes out... This was will go mental.... Majors will fall over themselves.. Thanks vogc!

Tc

IVZ Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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Last 7.7¢		Change 0.003(4.05%)		Mkt cap ! $116.7M

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No.	Vol.	Price($)
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Angwa Reservoir A$/Share Values per Metre of Net Pay, page-97

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Angwa Reservoir A$/Share Values per Metre of Net Pay, page-97

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News