In IOC's 4/15 IPAA presentation, the company wrote "Resources confirmed by two internationally recognized independent reservoir engineers". After further investigation, I strongly believe that none other than the great Gaffne, Cline & Associates must be one of the two reservoir engineers IOC is referring to (rather than Knowledge Reservoir, which was founded 14 years ago and has a relatively small and specialized operation, and which no longer seems to be retained by Pacific LNG). For those banking on GCA's pre-Antelope 3 resource estimate to depress the denominator of transaction price mer mcf, I would check your premises. I think the importance of the IPAA disclosure has been overlooked by the market. Between this and the new disclosures on spudding Elk 3 and Antelope 4, it's clear that IOC and its partner have every intention of developing at least 2 trains in the Gulf project