RE: $ 35 Billion for LFD....(Jeribe)Taxdemico;
Dude you need to look at this again and get your numbers right.
Table 2 for Prospective Resources has lists for 4 numbers; low, best, high and mean. The best case (which DeGolyer defines as the most likely outcome is 217.8 million, not 334.3 million (which is the high case).
LFD adds 217.8 with 120.8 (from table 1) to get 338.6 million which is a 256% increase from 132 million estimate of last year.
Cannot see why you are having so much problem getting this right? Also cannot understand why you do not see that the "Jeribe only" at Chia Surkh has gone from 132 million to 60.2 million, which is a 55% decrease.
LFD has now added the condensate & BOEs from the Shiranish at Chia Surkh with the prospective resources from the other prospects to manipulate these numbers as favorably as possible. The 338.6 million is best case addition of contingent resources and prospective resources. It represents a very attractive target; however, it includes gas converted to BOEs and includes 3 other prospects which likely have a higher risk than last year's 63% chance of success.
That is why the share price hasn't shot up which should have happened if everyone was buying the 260% increase.
There is much to digest here and the answer is not real obvious?