CVN 3.13% 16.5¢ carnarvon energy limited

Looking again at the POE statement, my Point 1. does appear to...

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    Looking again at the POE statement, my Point 1. does appear to be acounted for by the negative revision that Pan Orient mention.

    This is a negative revision of 6.6mmbbls, due to the discovery that the Na Sanun East fault compartment and the NSE-F1 resource area are actually separate oil pools.

    This clearly reduces both the September 2009 NSE-F1 Contingent Resource and the December 2008 NSE-Central 2P Reserve, and POE's statgement in fact does specify a 6.6mmbbl negative revision to the 2008 NSE-Central 2P reserve.

    In view of this, they must have picked up an additonal 3.2mmbbl of 2P reserve somewhere else, as they are only showing a reduction of 3.4mmbbl compared to that expected form the September 2009 statement.
 
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