company maker, page-8

In todays announcement i noted:

"Current activities are focused on further delineation of the block and securing reserves certification from the PRC authorities before March 2008 and subsequent development commitment."

To get 1P, 2P numbers, they must have it certified. They used Netherland Sewell & Associates for Mungi.


Then again given the 150 bscf is correct, i'll try the sums.
150000000000 (150bcf)
/
1000 (1 mcf )
m=Thousand apparently.
= 150000000

(http://geofluid.snu.ac.kr/~jchoe/unitsTerm.pdf)

Say with a $4/mscf (lower end of scale & after costs).

$600,000,000

Can someone please tell me if my figures are right or wrong???