Top Gear,
No, I think you are assuming too much of Euroz.
They have simply taken the pre-drill gas/condensate boe and assumed the same quantity as oil instead. Given the relative densities, recovery factors etc it seems a reasonable ballpark estimate to me, assuming the same trap size.
I suspect it is conservative though and not particularly informed. A reasonable way of coming up with something in the face of gross uncertainty, without putting your head in a noose. I would expect if they had and had used tangible inside onfo on this, then ASIC would be all over them and CVN.
EL
Top Gear, No, I think you are assuming too much of Euroz. They...
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