'jft310' pid='43166' datel Wrote:Getit -I see you continue to post without following Palms link. Why? You need to look at the reservoir report . Something Botten
can not distort . Please do not post again about this until you follow the link to the Nerthland Sewell asset report for Dec 2013 .
Thanks. It's there black and white
Here's Palms post
On OSH's website under Reserves and Resources, they make this statement: "All oil fields were audited at the end of 2012 by independent auditors, Netherland Sewell & Associates, Inc. (NSAI). No fields were audited in 2013 as performance during the year was closely in line with expectations. Field performance will be monitored in order to determine whether a further audit of any of the fields is justified in 2014. Gas reserves are subject to audit under instruction from the PNG LNG Project operator, ExxonMobil PNG Limited."So nothing was done at P'nyang of any significance in 2013 except seismic work which being analysed. At the end of 2012 P'nyang was lumped together with Other PNG licenses outside of those dedicated to PNG LNG and showed no change; certainly no 2.5 to 3 TCFs attributable to P'nyang as it would have been listed by itself most likely.IOC has said from time to time they "estimate" or "think" they have a certain amount of Ts, but we know that counts for nada. As does (or should) P'nyang for OSH. They officially have ZERO Ts based on info filed with ASX. Unless someone can find something differently.
JFT, I told you before I followed the links and reviewed information; I even cited/posted some information above from the Reserves and Resources Statement. If you continue to make such false statements, I will consider them deliberate lies in the future. Try reading my posts more closely, word for word, "there in black and white" as you say. I assume by "Nerthland(sic) Sewell asset report for Dec 2013", you mean the Oil Search "2013 Reserves and Resources Statement" dated 27 February 2014, right?
Palm, I assume you realize the NSAI audits referred to here are only for "OIL fields" and "gas reserves" of the PNG LNG Project. There is no indication I see NSAI has had anything to do with anything else, such as P'nyang, positive or negative, and I have not tried to say so.
Also, you seem to be contradicting yourself in saying that "P'nyang was lumped together with Other PNG", but that they now show "certainly no 2.5 to 3 TCFs attributable to P'nyang as it would have been listed by itself most likely". Note that in Table 4 of the Statement under Contingent Resources, they show gas of 1.954 Tcf for "PNG Other Gas", and that Note 7 under that specifically states that "Other Gas" includes P'nyang. Also note that the resource figures are "Net to Oil Search". Therefore, since Oil Search owns only 38.5% of P'nyang, that figure on the Statement would only include that portion of P'nyang, if I am understanding the Statement properly.
I know nothing about what is or is not "certified" for P'nyang. However, it is stated that this Reserves and Resources Statement was prepared in accordance with ASX Listing Rules. Would it not have been filed with the ASX?