Ok, so the RPS estimates come out and we have a nice big number. So what? They are yet to prove that all that gas can be commercially extracted...
I can't see the RPS reserve upgrade being much more than before (I'll punt on Proven Reserves <130BCF). After all, PB3 was drilled from the same pad as PB1 so they have not increased by much the extent of the discovered gas area.
Overall, I don't think the revised estimates will do anything for the SP.
Still no flow rates from P3
Still no plan to re-frac P3
Still no plan re Leadville in P2
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rick knows, page-5
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