Both San Leon and PNR [EXPECT TO / WILL] move reserves to Proved (1P) based upon a signed gas contract, which [IS / HAS BEEN ] currently under negotiation. All [ESTIMATES / ACTUALS] produced by Ryder Scott comply with the 2007 Petroleum Resources Management System (PRMS) prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers.
Delete the words in parenthesis to ensure you understand what the RNS actually said.
Frus and ct2000, do you have any shares in this company? Because it seems like you're working really hard to bring them down with the negative posts. Say nothing and wait and see, if it doesn't turn out good then you can give us the "I told you so"
Bookable reserves based on estimates after one well. Nothings signed till it's signed...Seen enough of that over the years. As I say nothing new in that RNS IMO just put out in an attempt to stop the rot.
Just as important as the reserve and production potential is the fact that Poland is highly dependent upon imported natural gas, which is expensive. There is an attractive and deep market for gas discoveries and production in-country. For example, as of the date of this report the price we receive for natural gas at our Roszkow well, which has a methane content of 80%, is approximately 110% higher than the spot price under natural gas contracts for 100% methane gas traded on the New York Mercantile Exchange, sometimes referred to as the Henry Hub price.
no please in you ....have sle ever mentions bookable reserves before....no!.......pnr state rawicz and the surrounding area hold between 50/100bcf+....no!.......so good to me...lookin forward to the signing off and p1 reserves being made..have seen that either...so good again...sle going forward..
if nitrogen is left in you will get a lower price which you have been touting ct.....but you fail to see that it looks like pnr will be trying to removing it at the wellhead to get the full price of the $10mcf....
have you not read this is pnr/sle...if they say what prices as a shareholder I personally would listen to them..
a non holder and follower of no standing....no a chance!!..as you can see from today their posts are all about another company fx and try to discredit what our company have posted..sorry!....go and post their good news over ton fx blog ladies..sle/pnr know far more than you..hence I believe them
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