You are SO right DT. GS reputation rests on credibility. When they have something to sell they had better be giving the prospective purchaser an accurate and honest appraisal of what it is worth.
You will recall JC saying that the next RR would be " a multiple" of the 290Bcf released in June 2007. Based on the wells drilled, dewatered and F'ked with since then 4.8 to 8.7Bcft fits with that statement.
Today's "identified several hundred drilling locations" tells me that they know 2P reserves will indeed be a multiple and closer to 8.7 than 4.8.
I'll take $3.25 but would be prepared to accept $4.
DT if we get $4 you are in for a Petrus, bugger the Grange. Any more excitement like this and I will need new BS's.
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