questions on reserves, page-4

Not interested in that aspect.

I'm interested in seeing what the market value of 3P reserves is for various companies.

While the companies base the actual price on 2P, the cream and extra icing on the cake is the land and possibility of turning those 3P reserves into 2P or 1P - it is the same in the metals sector in a buyout.

For example, the market is putting a huge value on AUT's total reserves of well over US$15 per boe at the 3P level.

If you look at 2P then the market cap per boe is even higher.