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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: jim_p who wrote (29995)	2/18/2004 8:22:57 AM
From: Think4Yourself	Read Replies (2) of 206092

Hi Jim! Glad to see you are still hanging around here. I have a question on EP. Why did they blame the Proven Reserves downgrade on high NG prices? I understand the production shortfall part of it but aren't high gas prices supposed to increase reserves because it is more economically feasible to get at difficult deposits? Not only do I not understand their reasoning but yours makes much more sense to me. Their reserve estimates TANKED and if they used $6 like you said then their reserves are going to tank even more. Isn't importing LNG still economical at below $5?

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