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Re: redinvest post# 168312

Friday, 06/26/2009 12:46:45 PM

Friday, June 26, 2009 12:46:45 PM

Post# of 361984
Red: What scientific data exists to indicate, as you allude to today, that reserves may turn out to be more than the P50 figures from Netherland Sewell (NSAI)?

Firms like NSAI prepare their estimate calculations so they are sound whether on the buying or selling, e.g. farming in or farming out side of the table.

There seems to be a continued general belief on the board that reserves will turn out higher but I can not remember seeing anything to properly substantiate that view.

Do we have anything better, other than anecdotes from rig hands or someone who maintains he/she saw some of the logs?

I do appreciate your thoughtful posts.........

Best,

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