The RISC technical experts are full of it, they simply regurgitate what they are told by the companies involved. ROCs last RISC expert report several ytears ago stated ching P50 of 123 mmbls with anticipated upside to around 138 mmbls I think, and a P90 of around 90mmbls. So why were RISC so far out? Simply due to the info the JV feeds them, gargabe in, garbage out. The current RISC figure will be based on some way over conservative figure from the JV who dont want to be caught out with another downgrade in future.
HDR
hardman resources limited
