looks great., page-8

goodaye,
my understanding is its about 60c - 80c p/gj of 3P, and About $1.40 - $1.80 p/gj for 2P.

I have never tried to figure out the historical conversion of 3P to 2P for the various companies, but I guess it vary significantly dependent upon permeability, gas saturation etc.

The guys at PES were nodding their heads at 60c figure for 3P when i suggested a valuation figure of $6.00+ per share at the AGM.

cheers