Too pessimistic D. IMO. I'm not sure I would apply the 40% reduction for non-acreage payability. In essence that is already baked into the original PB numbers of 2.6b bbls on base acreage. If I recall correctly he modeled a 70% coverage for the sweetspot (as opposed to 42%? by DeMac). Assuming the additional acreage has followed the modeled sweetspot (so to speak), then the coverage would be at least the same? So multiplying the original 2.6b bbls by the 2.5 uplift for additional gross acreage would already allow for approx 30% 'non acreage payability'. So perhaps 6.6b bbls in total. And that does not allow for any thickening of the payzone that allegedly exists on the eastern fringes.
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