Hmm Mr Lautec up to his old same old same old again. Anyone who...

Hmm Mr Lautec up to his old same old same old again.

Anyone who does a bit of their own research can see straight though the argument lautec.

I'm afraid 3P is 3P in Australia and the USA mate, no getting around that.

""In recognition, the Society of Petroleum Engineers (SPE) and the World Petroleum Council (WPC,
formerly World Petroleum Congresses) developed a set of petroleum reserves definitions which were
presented to the industry in March 1997. These represented a major step forward in their mutual desire to
improve the level of consistency in reserves estimation and reporting on a worldwide basis. As a further
development, the SPE and WPC recognized the potential benefits to be obtained by supplementing those
definitions to cover the entire resource base, including those quantities of petroleum contained in
accumulations that are currently sub-commercial or that have yet to be discovered. These other
resources represent potential future additions to reserves and are therefore important to both countries
and companies for planning and portfolio management purposes. In February 2000, the two organizations
in conjunction with the American Association of Petroleum Geologists (AAPG), developed resources
definitions that encompassed the entire range of petroleum reserves and resources.""

A bit like the Directors of MAE who beleive that the reporting STD's in the USA are different to AUS. You related to them at all...lol