Just my opinion, but I reckon the II are being uncomfortably generous on two counts:
* $/bbl
* reserves
Adding to 2P numbers to the extent they have, looks to my like getting well ahead of the appraisal, even accepting that JD is probably being conservative.
We've seen so many fields come down in 2P figures recently: Exeter, one of OSH new PNG fields, Chinquetti, Oyong etc.
Entropylord
Just my opinion, but I reckon the II are being uncomfortably...
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