Ann: Investor Presentation, page-19

djwally,

It's an interesting comment you make.

As a non industry person coming to grips with measurements used in the gas caper, I suspect I'm not alone with the following thought...
…. We read joules, petajoules, terajoules, million cu. feet, billion cu. feet, trillion cu. feet (expressed numerically as so many "thousand billion cu. feet" - why not just say trillion and be done with it!? ) and often a mix of them all and for us poor plebs the points of reference sometimes get blurry. It's a poor comparison but a bit like talking ounces one minute and grams the next.

I have to sometimes really sit down and think clearly about it all to grasp the magnitude/scale of what gets talked about here at times. The gas-in-place resource at ATP-927 is almost 14 Trillion cu. feet with ~ 5.5 Trillion plus of that "recoverable". The company's ultimate aim is certification of 3P in excess of 2 Trillion cu feet (2,000PJ). A couple of years off no doubt, but we are at the foot of the mountain and ascending.
.... Shell PetroChina's massive holding next door to Blue Energy's ATP-814 in the Bowen Basin is circa 8,000PJ and it's worth bloody billions! (not sure of the P/C mix there, but not sure if it's all better than all 3P ???… happy to be educated on this). Point simply being, - as you rightly ask yourself, is (to put it in industry speak) wtf... ???

Cheers,

Kip