RE:RE:RE:I get pis...d I think the answer lies within the reserves provable that are valued in the total assets portion of the balance sheet. In my estimation, Corentyne reserves are not proven, thus wouldn't be reflected until they meet a certain reporting threshold. It's complicated, but FEC listed their 1P, 2P, 3P reserves in their YE 2023 press release. So I think you're making the point that if they drilled more appraisal wells, the Corentyne reserves would be more accurately reflected in the assets section of the balance sheet.
The follow on to that last statement, is that if they drilled more appraisal wells and classified those barrels as reserved, it's a moot point, becuase both OYL share price and reserves value would increase by a factor of X. I don't believe the relationship of OYL shares to proven reserves is 1 to 1.
I found this article helpful: https://mercercapital.com/energyvaluationinsights/valuation-issues/oil-and-gas-reserve-values/
Seems to me that the financial statement valuation of provable, proven, possible, probable all have varying defintiions/measurements based on CAPEX and the price of Brent long-term. But at this stage, there just isn't enough information - or that's the fine line they're walking. IMO