Breakaway Research - Real Energy, page-15

Kip you would expect the majority of the contingent resource to convert to reserves. Some use a guideline of 80%. Currently our 2C resource is 276Bcf as calculated by the independent certifier

But 3P is "reserves" is it not??? Just lower category... 3P of 200PJ equally gets your 80% figure … But are you clearly distinguishing 2 and 3 here and reckon the guideline is 80% to 2P? Sorry, I think I have spotted the obvious answer... You're saying a "2c to 2P" should be 80%, as 3C to 3P might also be 80% … ? Now I getcha