smart risk tolerant money to be made, page-13

Sorry trouser neglected the last para of your post:

I used to also use 60c/GJ as a 2P metric and 40c/GJ as a 3P metric from the CSG environment but have found that valuers much prefer an bboe metric for undrilled conventional O&G prospects. I understand that HH pricing is diverging from POO but it seems to be the industry standard. For example, KARs independent certifier uses a $2-4bboe valuation for risked prospective resources rather than a scfd value.