As I said here: "I layered the 2010 maps with NEATS map, and my conclusion at the time was, the only way to get to 5.7tcf+ was with an intact Fish prospect, I believe a portion of this prospect may have been lost with the renewal. I wrote this up as poor inaccurate 2010 maps at the time and just trusted the company was making its claims based on what the independent assessor said." (
65431688)
And here: "If you are relying on the 2010 report... then doesn't that mean you are not taking into account what happened in 2012 (renewal 50% reduction), and the X% of prospect reduction? If you are trying to argue he has somehow recalculated the P50, then on what "basis" was that calculation made, and according to who?" (
65430399).
The first response to the ASX itself says they are ultimately referring to the 2010 Pangean Resources LLC report, this was before the renewal and loss of 50% of the blocks. Nowhere in this report does it give the figures 5.5-5.9tcf.
Since you are the one making the claim that the company is using figures based on "As you know these are independently certified by a 3rd party", please quote this for me. I believe you will not find it.
And since you said this: "Whether it be prospective resource of 5TCF of 5.9TCF may depend on the drilling target of the permit." please show me where the certifier said this. Even if you are only discussing x, y and z prospects, any custom set of prospects still remaining in PEP-11 will not provide you with 5.5, 5.7, or 5.9tcf in my opinion. And.... if you carefully read the context of how the 5.5, 5.7, 5.9tcf figures were used, they were not framed in the manner that you suggest, and instead, according to my flurry of quotes, I propose they were used to describe the whole permit at P50. For example, the quotes which I outlined for you here:
65456491 used words like: "The total P50 Prospective Resource calculated for the PEP11 prospect inventory"
1 and "PEP-11 is reported to contain prospective resources up to 5.5 trillion cubic feet of gas"
2 and "including Prospective Resources of 5.7 Tcf (P50) in structural targets"
3 none of those comments are alluding to less than the total at a P50 level.
1-
1 Sep 2021, ASX:BPH, Appendix 4E / Financial Report https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02415984-6A1048298?access_token=83ff96335c2d45a094df02a206a39ff42-
21 Dec 2022, ASX:BPH, Response to ASX Aware Query https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02615567-6A1129639?access_token=83ff96335c2d45a094df02a206a39ff43-
14 Dec 2021, ASX:BPH, Investor Webinar https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02466478-6A1068543?access_token=83ff96335c2d45a094df02a206a39ff4
