Its A Facade!!!...False Appearance with the Reserve Report..NON-BANKABLE.......Reserves Currently Worthless...!!!!!!!!!!
Must resolve the water issues...and be able to produce and generate reasonable and consistent GAS flow rates and revenues...until then, these reserves are Worthless. Also, Tcf will definately have major problems and difficulty raising new money to continue to operate this block and start that oil prospect on-shore. This is the 2nd problem they will be facing, in my opinion "Funding". Reserves are great, but they must be able to bring ] them to sustainable and acceptable production and generate profitable revenues. Just My take and Opinion!! You May get a pop in share price on this news, but will only decline back to its mean, or lower...