A prospective resource number means sweet bugger all in reality and have little to no value. Will be interesting to see if their P number has been audited or whether its a company guestimate.
https://www.spe.org/industry/reserves.php
There are companies on the ASX with audited P50 of billions of barrels of oil.
The only time it has any true value is once drilled and give a 2C, contingent resource number which means its been discovered but is contingent on other factors...ie appraisal drilling ect.
One to watch but way too early to be calling any sustainable sp increases IMO. DB
A prospective resource number means sweet bugger all in reality...
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