getting ahead of myself

Good Morning fellow optimists!

As mentioned previously, I am relatively new to this game and so please bear with me and correct me if I go a little too far.

Also, I am aware that I have posted similar previously, but I am now putting some numbers to the thought.

ESG currently has nett 988PJ 2P and 1818 3P, along with 2285 2C and 4040 3C. (based on esg website)

The offer is 50c/GJ of 3P. With the offer on the table comes the automatic commerciality of ESG's current (read 18 month old) reserves/resources. This would mean that the 2C and 3C would potentially be upgraded to 2P/3P status.

This means that if all of the 3C becomes 3P, then the value of the company increases by $2 billion. (This is where I am getting ahead of myself, I know!) But even on a very conservative figure of 2285 (the 2C), this adds $1.1 billion to the company.

Now a number of posts have noted how much emphasis was put on the 50c/GJ 3P point and I believe this is probably true that this is the number that will be used post upgrade.

So if the contingent reserves are upgraded with the commerciality now in place, and more is added into either the contingent or the 2P/3P reserves from the upgrades, then $2 per share is starting to look like a very, very conservative figure.

Can someone please help with the technical aspects of the upgrade, so that this can be confirmed and I am not added to the dreaded Blue Sky club (because, you know, I hate making money!)?