So what am I to make of this:
My calculator indicates that 330sq km at 30m average net pay at only 30% recovery is about 2700mb and Cairn say 385mb with P10 upside to 690mb?
What did CN actually say I wonder. "This is an "x"% possibility"??
Else what Cairn will have to say about the discrepancy. What do FAR have to say about their N-S seismic image suggesting more like 120sq km max?
If true this makes the whole thing make disclosure of material change a joke. At the time of writing no such information has been released to market, it had better happen before tomorrow open, I suppose it will - surely company presentations cannot be accompanied without an official release? And if that contains the discrepant information above and being reported on here whatever will the market and ASIC make of it. It will have to be very carefully qualified I would think.
Just the thoughts going through my mind at the moment, as I already asked OOO to ask CN about the discrepancy in their own images and I don't yet have an answer to that.
pj
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