re: Ann: ROC: Basker-Manta-Gummy - 2P Reserve... Exteremely disappointing!
"2P Reserves at the BMG project as at 31 December 2009 are likely to be reduced from approximately 18 MMBBL to between 3 MMBBL and 5 MMBBL."
To keep a perspective, that means BPT's 30% share is reduced from 5.4 MMBBL to 1.2 MMBBL, a deduction of 4.2 MMBBL.
From memory BPT had total 2P reserves of 66 MMBOE. So a 4.2 MMBBL reduction is about 6.3% or just over 5 cents per share, today's fall so far.
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