Its this old chestnut:
Note that MAY, 1B-East has Contingent Resources (Development Pending, with plans for production), and 1B-West has Proepsctive Resources (Prospect, which could be further upgraded via an additional appraisal well). The Evolution Capital valuation of July 2023 only used Prospective Resource numbers, thus it is not just the raw numbers which are significantly higher, it is the quality of those numbers (hence the confidence levels are higher).
Kit.
(and yes - I have used a PIIP diagram now an OIP diagram. Potato, tomato etc. Samo-samo on everything else.).
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Ann: Block 9 - Maiden Contingent Resources, page-76
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