Targeting a maiden 2P reserve booking of 500PJ Given the huge data set and consistent interaction with reserve auditors GLL are of the view that a 500PJ 2P reserve booking is likely even if only modest gas flow rates ( 0.25mnscf/d) are sustained. Applying historic 2P transaction multiples (which are becoming increasingly relevant, in our view) to a 500PJ booking yields $925mn or $4.80ps (see figure 13).
Extract from Cannacord August 2018.
http://galilee-energy.com.au/wp/wp-content/uploads/2018/08/Canacord.pdf
Don't know the answer to your question no expertise in that regard but you appear to quite rightly point out difference is terminology. Cannacord describe the flow as mnscf/d
Galilee describe the flow as Mscfd
Perhaps OGP can help us out.
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