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Sogoesit - Mon, 02 Jan 06 :

Reading some of the posts I note that we seem to be confusing units, cubic metres and cubic feet, and orders of magnitude, billions vs trillions.
I note that a gas resource of .500 trillion cu ft is only 500 billion cu ft (or 14 billion cu metres approx). This, as well as a gas resource of 2.3 trillion cu ft (65 billion cu metres approx), is peanuts in the scheme of russian gas. Note that a resource base of 500 bcf is "marginal" economically in most aress of the world [FPL in Algeria has a gross resource of 11 trillion cubic feet and look what happened to it!!].
However, be aware of the hype taking over... :-)
And a Hyppy New Year to all holders of VOG... which isnt a dog but could go down the bog... at some stage.
Looking forward to an exciting ride in the months to come.
[BTW thank you Zengas for your interesting posts over the past year]


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