To directly answer the question to the best of my understanding,...

To directly answer the question to the best of my understanding, the company does not have any reserves as they have not been certified as such at this point. That is not to say that the company does not have conventional gas - this would be an incorrect assumption. I think poyndexter has helped explain this well in his/her post above. It is estimated(Baillieu)that there is approximately 2TCF of conventional gas resource in place. To super simplify it, defining gas in place to resources to reserves is a case of data gathering and then having that data appraised by an independent consultant.