I don't know about that Inv. For example, COE and the Sole Gas project in Gippsland basin, only got 2C for despite having drilled the wells ... reason being no link to pipeline or gas plant. They got project funding to construct and now its 2P. Still not PDP though. To get a reserves classification is has to be "commercially produceable".
I think we both own CVN right? They wrote on Dorado
"These are classified as contingent resources according to SPE-PRMS guidelines as the potential development concept has not yet been finalized or sanctioned"
Literally
"Contingent resources are known oil and gas resources not yet classified as reserves due to one or more contingencies. Work is continuously on going to remove these contingencies and to move contingent resources to reserves."
Our contingency is egress. We don't have it. Just my opinion though.
Ann: Trading Halt, page-10
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