reserves, metrics and gas prices, page-36

OK

The smoke and mirrors mind altering circular argument style is afoot again

If a bidder comes then ESG will be no more(absorbed) so ESG having larger certified Reserves is a nonsense. The successful Bidder with an LNG outlet will have the larger Reserves after their Certifiers have been through the data.

If a Bidder is rebuffed by ESG, which is unlikely as ESG is single still and starting to lose its allure, then ESG would be what it was before the Bid.

Didnt DC say that his 2P was limited by what quantitative MOUs he had signed.

Would a certifier UP reserves for a company that rejected a takeover bid ? , on the basis that because it had not been taken over its ultimate commercial potential is now more probable, because it actually had a Suitor ?


The only MOU that has a taste of LNG is the one with the Marubeni and only to do a Feasibility Study. But that could change - we are hopeful.



Cheers