'Palm' pid='43168' datel Wrote:........ In the O&G world if it's not certified you can think and estimate all you want, but it counts for nada.
This is why I mentioned "It appears that the argument is based on peoples various perceptions".
I dont necessarily disagree with you in principle, I am just trying to highlight that PPS are also perception based. I do know that myself and probably many others even on this forum, look at what they believe the most probable outcome will be, and base their investment decision on that. It does not matter if the G or O happens to be a resource or reserve or whatever, to them.
Where things have come unstuck is when statements have been made that are twisted and not totally correct or representative. EG:
"How many times has he talked about 2.5 T's in PN'Yang and his reservoir engineer Netherland Sewell says zero"
This implies that Netherland Sewell looked at P'Nyang and determined that there is zero gas there. We both know (I believe) that Netherland Sewell have not made a determination on that field so they have not made an allocation for the quantity of gas there. That is not the same as saying that Netherland Sewell believe there is no gas there.
It is from this point on where all the problems in this thread took hold.
It is so very easy for members to get into conflict when one happens to be talking about the letter of a situation, and the other is talking about the spirit of the same situation.