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I agree the p10 estimate can be misleading but it does not...

  1. J8
    14,528 Posts.
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    I agree the p10 estimate can be misleading but it does not actually relate to the chance being 10pc . The figure is arrived at using porosity , hydrocarbon saturation levels , area etc and reflect at p10 a high volume and a lower confidence whereas the p90 is lower volume and higher confidence . P50 is not necessarily in the middle . Any large holder will be well aware of what the figures mean but nobody knows what is there yet .
    I say all categories should be quoted . The economic figure of 200bcf is the first task . Quite a few holes to be drilled out there though dont you think .
 
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