Am I missing something here? In last year's reserves report EI63/76 reclassified reserves to resources, resulting in a 0.45mmboe change. This implies that EI63/76 had 0.45mmboe of resources after the reclassification.
In the latest announcement they have said that the four blocks have 12,600 mbo - so 12.6mmboe. That is a 28 fold increase if my maths is correct.....
Can someone pick a hole in my maths/logic? Otherwise that announcement has gone right under the radar (which it clearly has anyway!!).
BYE Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held