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7.69% 4.8¢ central petroleum limited

Form 10-K: Dingo Gasfield only 18 Bcf NOT 30 Bcf as reported by CTP!, page-10

  1. karll
    3,084 Posts.
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    21/07/14
    10:33
    Post #: 13688665
    Psi,

    I understand that increasing value in gas would make smaller reserves (more) commercial.

    But I don't understand how "even a small increase in gas price can double or triple Reserves" - a change in the price of gas makes more appear in a gas field? Aren't reserves based in volume rather than value? Or do you mean that because the price increase that more dis-counted reverses are now considered viable?

    Thanks,

    Karll
    CTP Price at posting: 37.2¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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