Jag, The amount of Reserves (which has a specific meaning in the...

Jag,
The amount of Reserves (which has a specific meaning in the E&P business) that AKK has in Pathfinder is published by AKK quite precisely.

That reduces the number of variables to just 1 - the oil price

Feel free to correct me with any updated facts, but according to my reading, AKK most recent RESERVES declaration for Pathfinder can be found in HY report published 15-Mar-2016.

All reserves below noted as NET to AKK. Reserves are 1P
PDP - Colorado-Niobrara : 5,060 Bbls Oil

That's it. So not even any 1P undeveloped

Now as you move down to PROBABLE, which is now 2P
Probable undeveloped : 31,000 Bbls Oil plus 6,700Mcf of gas

Moving further down to 3P
Probable undeveloped : 311,010 Bbls Oil plus 66,960 Mcf of gas


TECHNICALLY speaking you can say that at present Pathfinder Pierre has NO RESERVES.

Does that change your observation on how you would like to make your statement now that you know AKK has no reserves in Pathfinder Pierre?