I am not up to speed with the industry jargon and standards and to me it looks like these were undertaken using different classifications. Can someone answer the following: 1. Are hydrocarbons in place and reserves justified for development the same (or similar)? 2. Are the P90, P50, and P10 estimates comparable to the low, best, and high estimates?
If the answer to both those questions are yes then the resources have just been confirmed and de-risked at the low end and upgraded by a factor of 4 at the high end. And the reserves have gone up by a factor of 10 - 20.
OEX Price at posting:
28.4¢ Sentiment: Hold Disclosure: Held