here's some very interesting info, page-88

My idea of the companies value is to value ALL of its said in ground resource under the "contingent reserve" value of around 30 - 50c per mmcf.
I say this beacuase in relative terms, the 1P reserves arent so far proven to be 100% recoverable as implied.
The 2P reserves arent shown to be recoverable as implied.
And so with the 3P reserve.

I can only value it as in-ground, contingent resource value.

Do your own math.

L