miogyp reserves

An independant team are working on a Miogyp reserve estimate, these estimates are usually fairly accurate in my experience.

I would hope to see a number in excess of 3m barrels from Miogyp. If that is the case the market can then value partners accordingly. At the moment we have real idea what is down there.

At current production levels a 3m number would provide revenue to partners for many years ahead and would enable funders to provide finance to further develop the project.

The market simply does not 'fancy' junior O&G E&P stocks at the moment but sentiment can turn quickly given the right circumstances.

A positive reserve number from an independant source could help GGP and other listed partners shares to rally to reflect proven reserves.

Anything significantly above 3m barrels would be superb boost IMO.