I think many confuse resource with reserves, globally people...

I think many confuse resource with reserves, globally people have spent years and lost of $ trying to crack the CBM code and in most places failed. The fact EXR were so confident with their perm data and initial flows was an alarm bell events are providing they either did not understand the reservoir data they had or they just do not understand and was applying the standard and hoping. Lets wait for the update on the classic water/gas curve we are all waiting for.

Grandis was a great sever and there is potential in a more conventional reservoir, easier for the market to understand but its high maintenance cash wise but sub 10c is still an ok punt for an explorer and is the rabbit out of the hat.